Tehran Stocks Extend Gains

After consecutive rallies last week, TSE continued to soar Saturday and added another 4,480 points to its benchmark to wrap up trading at 224,589 points.    
Stocks in bank, auto, tire and IT companies contributed most to the rise. 
A member of the board of the director of TSE ascribes the persistent rallies in the stock market to the inflow of the new liquidity, lower return in parallel markets and a general price rise in most of the listed companies’ products.   
“Parallel markets are no longer attractive for investors and low interest rates on bank deposits are not encouraging either for investors involved in the money market,” the Persian-language newspaper ‘Iran’ quoted him saying.