Business And Markets
0

Tehran Stock Exchange: Big Leap Forward

Tehran Stock Exchange: Big Leap Forward
Tehran Stock Exchange: Big Leap Forward

After a one-day hiatus, stocks made a big leap forward on Monday amid signs of positive political developments and monthly financial records of listed companies. 
The main gauge of Tehran Stock Exchange jumped 2.1% for the day, adding more than 5,600 points to TEDPIX, the highest in the past two months.  
The trading session marked rising demand for commodity stocks after weeks of lukewarm trade in a market dominated by small and medium sized stocks, Donyaye Bourse reported. 
While commodity stocks in major steel and chemical industries witnessed 2% growth, the smaller stocks maintained dominance with their symbol tickers showing 2.5% growth and daily trade value crossing 14 trillion rials.

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