Stocks in Tehran add value

Financial Tribune – After recording a whopping growth of 5,700 points on Monday, the main gauge of Tehran Stock Exchange continued its upward movement on Tuesday. TEDPIX recorded a fresh record by entering the 202,000 point in midday trading but lost some ground to finally close 84.97 points higher at 201,890.

According to Donyaye Bourse website, while on Monday all shares almost equally faced strong demand due to a flow of new liquidity into the market, the big firms mostly lifted the market on Tuesday. Mineral stocks, in particular, were shining on the day.

This is while Asian stocks hovered below a nine-month high Tuesday after disappointing bank earnings dented Wall Street, though recent signs that the global economy is likely to avoid a sharper downturn helped limit the losses.