Tehran stocks move into positive territory

Financial Tribune – Stocks swung into the black on Wednesday as investors heaved a sigh of relief after President Hassan Rouhani rejected Foreign Minister Javad Zarif’s resignation.

The main gauge on Tehran Stock Exchange rose 582.53 points or 0.35% to close at 165,294.7, recouping a portion of its heavy losses in the previous session.

TSE had turned bearish on Tuesday with the benchmark index TEDPIX losing 2,082.14 points or 1.25% after news about the resignation of the top diplomat and a close Rouhani confidante rattled the markets.