Financial Tribune – The Tehran Stock Exchange benchmark rallied again on Tuesday, extending a winning streak into the second day.
After substantial gains on Monday, the main gauge of TSE soared 1.3%, adding more than 3,500 points to TEDPIX.
The fresh rally was triggered by investor optimism toward future course of events, boosted by positive reports about political developments.
The head of Securities and Exchange Organization, Shapour Mohamadi confirmed to ILNA the impact of political developments on the market’s consecutive rallies.
More specifically, he pointed to the recent brief visit of Foreign Minister Mohammad Javad Zarif to France on Sunday.