Tehran stocks showed no signs of backing down on their rally, as they further extended their historic high on Monday.
Tehran Stock Exchange's primary index, TEDPIX, was up another 2.03% or 2,081.14 points to close at the unprecedented level of 104,533.5. This is TEDPIX's fourth day of straight growth.
Analyzing the rally's trend shows that investors' interest is slowly moving away from the market as a whole and focusing on large-cap stocks.
As for Monday, the equal-weighed main index grew only 0.35% or 63.79 points to 18,350.92. This is the highest it has ever been, but the growth has significantly slowed compared to the day before last's 2.2% jump.
The same holds true for the Free Float Index, as it rose 1.9% or 2,141.7 points on Monday to extend its all-time high record to 115,125.31. The index had soared 3.2% on Sunday trade.
June 18, 2018 18:21
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TEDPIX Extends Rally to Notch New High
According to TSE’s managing director, the recent rallies owe primarily to the government’s positive signals to capital market investors as well as the fact that companies’ shares are currently priced below their actual value, making most buys a bargain
Daily trade volumes at TSE and IFB have nearly tripled in recent days
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