TEDPIX Breaks 170,000 for First Time in 4 Months

The benchmark index on Tehran Stock Exchange closed above the 170,000 mark on Saturday for the first time in four months. TEDPIX soared 2,009.54 points or 1.19% to finish at 171,125.0 and thus crossing a resistance level in the last trading week of the current fiscal year (ends March 20.)
Although most shares saw booming trade during the  Saturday session, petrochemical stocks particularly led to big gains for TSE. Among the giants that had the biggest positive impact on TEDPIX were Esfahan Oil Refining Company, Bandar Abbas Oil Refining Company, Khuzestan Steel Company and Tehran Oil Refining Company. 
Iran chemical Industries Investment Company was the biggest winner on Saturday as its share prices rose 7.7% to be traded for 3,958 rials.