Tehran stocks rise on half-yearly reports

Financial Tribune – Tehran’s stock market welcomed positive data from the half-yearly (March 20- Sept 22) financial reports of listed companies on Tuesday.

Spurred by rising demand for shares of well-performing companies, Tehran Stock Exchange pared some of the earlier loss, and investors, perturbed by gloomy market outlook, heaved a sigh of relief.

The main gauge of TSE rose more than 6,000 points, or 2%, on Tuesday and stood at 308,315.

Trade featured a selloff for shares of companies that performed poorly during the first six months of current fiscal year.