Fresh Risks Constrain Tehran Stocks Bull Run

After nine consecutive days of growth, stocks pulled the breaks last week and price corrections ensued.
Positive signals such as rising money supply in the stocks market and constructive developments in the foreign exchange market were still there, but risks such as sanctions threatening Iranian oil exports as well as concerns regarding the government's economic team sapped the rally's strength.
Tehran Stock Exchange's all-share index, TEDPIX, gained 2,451.9 points or 2.25% during the week that ended on June 27 to close at 111,324.8. This brings the benchmark's return since the beginning of the year (March 21) to 15.6%.
Iran Fara Bourse’s benchmark index, IFX, added 27.9 points or 2% to stand at 1,269.5. The index's return since March 21 reaches up to 16%.