Some Exuberance Seen in Tehran’s Stock Trade

After a weeklong bear market, Tehran stocks opened trading week Saturday on a strong note buoyed by reports that the government seeks to initiate a new support program.
The benchmark of Tehran Stock Exchange, TEDPIX, gained 12,336.20 points or 0.95% for the day to claw back the critical 1.3 million point and end trade at 1,305,574.
In the morning session stakeholders and other players in the bourse seemed a bit exuberant following statements by the head of the Securities and Exchange Organization, Majid Eshqi, who spoke about a new support package to lift the long sagging share market.