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Tehran Stocks Exchange Hitting Record Highs

Tehran Stocks Exchange Hitting Record Highs Tehran Stocks Exchange Hitting Record Highs

The Tehran Stock Exchange benchmark crossed the psychological level of 300,000 points on Saturday, extending a winning streak into the sixth day. 
Most symbol tickers at TSE ended green for the day after TEDPIX gained another 4,500 points, or 1.5%, to stand at 304,460 points.   
About 80% of the companies saw the price of their shares soar on Saturday with banks and auto stocks absorbing more than a quarter of the investor liquidities, according to the Donyaye Bourse website. 
The new market rally is rooted more in traders’ optimism toward future course of events and less by fundamental factors.    
Investors usually look very closely at positive signals, if any, from political developments and bullish trends in international markets.

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