Tehran Stocks Surge 3%

Tehran Stocks climbed more than 3% at the close of trading week on Wednesday spurred by rising demand for shares of banks, chemical firms and base metal companies. 
The main gauge of Tehran Stock Exchange, TEDPIX, added 19,314 points to close session at 645,722. Equal-weighted index was up 2.92%, indicating that a broad range of small and large-cap shares rallied. 
The retail traders bought 51.8 trillion rials ($323 million) worth of shares on Wednesday with stocks in bank, chemical and base metal categories being the most attractive.
This is while institutional traders were mainly interested in mineral and sugar companies, according to Donyaye Bourse website.