Tehran Stocks Reach New Highs

The main gauge of Tehran Stocks Exchange hit a new high and entered the 240,000 channel as investors expect up-beat earnings reports of listed companies for the month to June 22. 
The bull market started Sunday and gained pace on Monday with TEDPIX gaining more than 5,000 points, or 2.1%, to end trading day at 242,567 points. 
Stock market symbols on Monday were mostly green with stocks of mineral, basic metals, and petrochemical firms topping the list and contributing the most to benchmark gains.
It appears that a combination of positive developments both in the economic and political arenas are pushing Tehran stocks upward for now.