Stocks posted solid gains on Sunday to extend their 10-day winning streak and reach a new high, defying correction expectations following a slow start to the trading week.
At both Tehran Stock Exchange and Iran Fara Bourse, petrochemical and metal stocks were all the rage as positive news of an expanding secondary foreign exchange market attracted investors in droves.
TSE's main index TEDPIX surged 4,094.31 points or 3.29% to end trading at 128,448. The index has yet again pushed its historical high in a rally that seems more resilient to the previous one in early June.
Iran Fara Bourse’s main index, IFX, gained 54.87 points or 3.87% to close at 1,473.9. The smaller exchange's index is also at its highest ever.
August 05, 2018 19:21
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A Foretaste of New Forex Plan: Iran Stocks Rise to Notch New High
TSE’s main index surged 4,094.31 points or 3.29% to end Sunday trading at 128,448, as Iran Fara Bourse’s benchmark gained 54.87 points or 3.87% to close at 1,473.9
Petrochemical and metal stocks were all the rage, as positive news of an expanding secondary foreign exchange market attracted investors in droves
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