Tehran stocks open slightly higher

Financial Tribune – Tehran stocks briefly touched the psychological level of 330,000 in early trading on Saturday, led by bank, pharmaceutical and auto shares, before reversing the course at the end of trading session.

The Tehran Stock Exchange concluded trade in positive territory with its main gauge TEDPIX soaring 1,188.53, or 0.36%, to close trading at 327,305.7.

About 6.47 billion shares valued at 26.14 trillion rials ($228.3 million) changed hands at TSE for the day.

Trading at TSE and over-the-counter Iran Fara Bourse starts on Saturday and ends Wednesday.

Towlide Fibre Company was the biggest winner as its shares went up 9.08% to 4,038 rials per share.