Tehran Stocks Close at Record Highs

Tehran stocks climbed 2.5% on Monday to stage one of its biggest rallies. The main gauge of Tehran Stock Exchange gained more than 10,600 points and hit the historic level of 438,881 points. 
Equal-weighted index raised in the same proportion to TEDPIX, by 2.6%, indicating that both small and large-cap equities gained for the day. Equal-weighted index gives the same weight to all stocks irrespective of the companies’ market cap. 
Inflow of fresh liquidity, increase in new investors and news about asset revaluation of several large-cap companies were said to be the main driving force behind the bull market.