Tehran Stock Market Rebounds as Petchem, Metal Shares Climb

Bulls returned to Tehran Stock Exchange on Tuesday as the benchmark TEDPIX gauge closed up 5,662.12 points or 3.23% at 180,847.6 points. It marked the first gain for TEDPIX after five consecutive losses had left it 20,000 points away from its historic high of 195,104 points achieved on September 30. 
The rally, ongoing from late summer, led to a horde of investors flocking to the stock options in hopes of quick gains that indeed led to speculative bubbles in prices of stocks.