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.”