Tehran stocks rebounded on Tuesday after a brief correction phase a day earlier, getting back to the upbeat trend that started two weeks earlier.
The main gauge of Tehran Stock Exchange pared more than 2,500 points of Monday’s losses as the market recovered from the emotion-packed behavior of jittery investors.
Revaluation of assets of listed companies is seen by market analysts as the main driving force behind non-stop market rallies in recent days.
One case is about the shares Isfahan Oil Refinery Company. It registered 23% return in almost two weeks after increasing its capital in mid-August, according to the Donyaye Bourse.
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