Stocks extended their four-day rally on Tuesday, as both Tehran Stock Exchange and Iran Fara Bourse registered their highest-ever single day growth.
TSE's main index TEDPIX surged 4,414.07 points or 3.78% on Tuesday to end trading at 121,173.6.
This is while Iran Fara Bourse’s main index, IFX, gained 57.58 points or 4.31% to close at 1,394.74. The smaller exchange's index is also at its highest ever.
A total of 1.29 billion shares valued at $83.5 million changed hands at TSE on Tuesday, as IFB saw the trading of about 420.4 million securities valued at $74.7 million.
Trading at TSE and Iran Fara Bourse starts on Saturday and ends on Wednesday.
July 31, 2018 18:50
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Iran Stocks Record Highest Daily Growth
TSE’s main index surged 4,414.07 points or 3.78% on Tuesday to end trading at 121,173.6, as Iran Fara Bourse’s benchmark gained 57.58 points or 4.31% to close at 1,394.74
The driving force behind Tuesday’s growth seems to be the same thing that ignited the rally earlier in the week: the prospect of large exporters entering the secondary foreign exchange market
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