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Tehran Stocks Ends Week at Another Record High

Tehran Stocks Ends Week at Another Record High Tehran Stocks Ends Week at Another Record High

Tehran stocks are hitting new highs in a rally that seems to have no ceiling, at least for now. The market picked up where it had left off on Tuesday on the heels of more positive news from the political arena.
Tehran Stock Exchanges' main index, TEDPIX, surpassed another resistance level and reached the 180,635.6 point.  The benchmark index leapt by 6,017.44 points or 3.45% on Tuesday to record another milestone.  
According to analysts, stocks are still being fueled by monthly earnings reports of export-oriented companies which have been among the winners of a rapidly depreciating rial. 
Recent developments in Iran's action plan with the global anti-money laundering body, the Financial Action Task Force, President Hassan Rouhani's positive UN speech and European powers' fresh overtures toward Iran have underpinned the rising optimism among investors. 

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