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Banks Lift Tehran Stocks

Banks Lift Tehran Stocks Banks Lift Tehran Stocks

The Tehran Stock Exchange closed trading day in positive territory amid rising demand for bank and auto stocks. 
After a two-day lukewarm performance, the main TSE index soared on Wednesday to conquer a new peak. TEDPIX hiked 2,700 points to close trading session at 233,000. 
Stocks were buoyed more by the performance reports of some banks published on Codal - an information website created for instant official publication of corporate data and news. 
According to the Donyaye bourse website, the reports imply hikes in the foreign exchange parity rates,  which naturally add value to banks’ foreign exchange assets. 

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