Tehran Stocks Soar to 7-Month High

Tehran stocks rallied to new highs on Monday pushing up the benchmark of Tehran Stock Exchange, TEDPIX, to where it was seven months ago. 
The market cap-weighted TEDPIX gained 26,784.11 points and climbed 1.82%, crossing the psychological resistance level of 1.5 million points. The benchmark pared some of the gains at the end of trade to settle at 1,501,842.
It appears the bourse has welcomed the new price spread mechanism announced on Monday, despite concern about its potential psychological impact on investor sentiment.