Tehran stocks soar 3 percent

Financial Tribune – Tehran Stock Exchange and Iran Fara Bourse clocked their biggest single-session point gains in more than a month on Saturday. TSE’s main index, TEDPIX, rose 4,778.26 or 3.00%, as of market close, ending at 164,267.8 points. Iran Fara Bourse’s main gauge IFX was up 42.37 points or 2.13%

Shares of commodity, mineral and petrochemical giants were among the biggest gainers on Saturday. As Donyaye Bourse website reported, big firms had the biggest impact on Saturday’s growth while small firms had insignificant activity.

Improved prospects for the global economy, robust oil prices, and the US Federal Reserve’s decision to put the brakes on its tight monetary policy and progress in US-China trade talks are among these factors.