Tehran stocks turn higher

Financial Tribune – After small gains in Saturday’s trades, the Tehran Stock Exchange continued to rally on Sunday to break another record amid excessive demand for both small and big shares mainly in metal and refinery products.

The TSE’s main index, TEDPIX, rose 3,956 points to end trading day at 209,243 points on Sunday.

The market was boosted mainly by refinery stocks following the rise in currency rates in Nima ( the Integrated Forex Deal System). Non-oil export revenues, including earnings of refinery and petrochemical companies are offered on Nima.