Business And Markets
0

Tehran Stocks Extend Gains

Other factors boosting investor sentiment on Tuesday were the increase in the exchange rates on the online platform Nima, rise in global commodity prices, a booming season of shareholder meetings and payment of dividends to stockholders
Tehran Stocks Extend Gains  Tehran Stocks Extend Gains

Stocks continued their unabated surge on Tuesday, making the benchmark index TEDPIX 2.6% shy of its own historic high. The surge comes as foreign exchange rates remain bullish and a stampede of retail investors has made demand for all kinds of stocks particularly high. 
While the market faced a hiccup in Monday trade in the run-up to the decision by the US to designate an elite wing of Iran's military as a “terrorist organization”, the market moved past that point on Tuesday as investors largely turned a blind eye to the issue. 
On Monday, the Trump White House labeled Iran “a state sponsor of terrorism” and the IRGC a “foreign terrorist organization,” claiming that the elite Islamic Revolutionary Guard Corps “actively participates in, finances, and promotes terrorism as a tool of statecraft.”

Premium

Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Add new comment

Financialtribune.com