Business And Markets

Tehran Stocks Open on Strong Note

Tehran Stocks Open on Strong Note Tehran Stocks Open on Strong Note

Tehran stocks rallied on Saturday, recovering losses over the last trading week, with the main gauge gaining more than 3,500 points, or 1.2%, to 297,712. 
Mineral, telecom, bank and refinery stocks provided the biggest support to the benchmark. 
The fact that the indicators of almost all stocks soared for the day reflect the heavy presence of retail investors in the market. 
Out of a total of 39 industries indexed in the Tehran Stock Exchange, the price of 36 increased, according to the Donyaye Bourse website. 
TSE experienced one of its biggest downturn in more than 4 months on Wednesday, falling 2.6% to 294,166.7.  
Market analysts ascribe the new rally to rising demand for a wide range of shares when investors seized the opportunity to place orders when prices fell dramatically during the two-day bear market last week. 


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