As if the bull run is not about to relent any time soon, Tehran stocks continued their rally on Saturday as a surge of liquidity gravitates toward the equity market. While the stock market growth has been lauded by analysts and officials in equal measure, a growing number of experts seem skeptical about the substance of the rally and fear that speculative bets are gradually supplanting earlier growth backed by fundamental factors. On the first trading day of the week on Saturday, the Tehran Stock Exchange's benchmark index, TEDPIX, closed up 6,770.46 or 3.75% and crossed the 187,406 point for the first time. TSE had a 15% return on investment during the week that ended September 26. The stock market's ROI during the summer of 2018 was 47.5%, bringing the market's total gains since the beginning of the financial year on March 21 to more than 66%.
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