Tehran Stocks Regain Composure on Big Firms Earnings

After losing more than 6,000 points in the past two days, Tehran Stock Exchange's main gauge, TEDPIX closed up around 5,775 points higher on Monday to return to the resistance level of 180,601.4 points. Putting behind the panic and speculation of the past two weeks, the underlying mood remains cautious as investors continue to question whether the rally in stocks is supported by long-term economic and political indicators.
The new era of rationality was evident in soaring demand for big export companies' shares, whose prospects were buoyed by their half-yearly earnings reports....