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Tehran Stocks Stage Massive Rally

TSE's all-share index gained 6,483.46 points or 4.36% to end Wednesday trading at 155,061.1 while Iran Fara Bourse’s main index ended up 75.28 points or 4.44% to close at 1,771.25
Stocks Stage Massive Rally Stocks Stage Massive Rally
The price ceiling for steel products on Iran Mercantile Exchange was removed on Tuesday amid the promise of petrochemical products following suit with subsidies set to be cancelled on Thursday

Share trading on Wednesday started with a bang, as Tehran Stock Exchange’s main index made a 6,000-point jump in the first hour of the trading day alone, exceeding 155,000 points by the end of the day to register a historic high. By the end of the trading day, TEDPIX had gained 6,483.46 points or 4.36% to end trading at 155,061.1 while Iran Fara Bourse’s main index IFX ended up 75.28 points or 4.44% to close at 1,771.25.

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