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Stock Trade in Tehran Market Ends Week in Positive Territory

Stock Trade in Tehran Market Ends Week in Positive Territory Stock Trade in Tehran Market Ends Week in Positive Territory

The benchmark of Tehran Stock Exchange conquered a new channel of 290,000-point on Wednesday to close the trading week 1.6% higher. 
TSE surged on Wednesday as investors shun the stocks of auto companies and turned to commodity stocks. 
The giant Iranian petrochemical company, Persian Gulf Petrochemical Industries Company, added 800 points to the benchmark alone, according to Donyaye Bourse website. 
The second biggest winner in the commodity group was Mobarakeh Steel Company when its shares shot up after it said it plans to raise in the capital of the company by 60%. 

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