Tehran Stocks Gain for 3rd Day

Tehran’s stock market closed trading week higher on Wednesday extending gains into the third session amid improved performance of small caps.
The benchmark of Tehran Stock Exchange, TEDPIX, gained 8,848 points or 0.61% to end trade at 1,456,522.
Decline in petrochemical stocks impeded the market cap-weighted TEDPIX. This was when the majority of penny stocks and small caps were in the upbeat mode, causing the TSE’s equal-weighted index to climb 1.43%.