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Tehran Stocks Posts Weekly Gain Despite Bear Market Entry

Volatility in the parallel markets of currency and gold encourage the public to enter the stock market, but that was marred by speculative behavior of inexperienced investors
Tehran Stocks Posts Weekly Gain Despite Bear Market Entry Tehran Stocks Posts Weekly Gain Despite Bear Market Entry
The biggest news affecting the equity market during the past week was President Hassan Rouhani's comments aimed at calming the currency market and the decision by the Central Bank of Iran to bestow new powers to money changers

Tehran stock exchange's main gauge, TEDPIX, climbed 4,924 points or 3% to during the week to October 3, despite consecutive losses brought the market into bear territory on the last two trading days. 
TSE also saw the value of its share trading rise 21% compared with the week before by closing at 185,559 point.

  The First Market Index was up 5068 points or 4% to post 138339 and the Second Market Index surged 2883 points or 1% to reach 361704.
During the 5-day trading week, 87.7 trillion rials ($6.1 billion) worth of shares and securities were traded, marking a 21% growth compared with ...

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