Tehran stocks in recovery mode

Financial Tribune – Leaving behind lethargic times, equities in the Tehran Stock Exchange showed some signs of recovery Wednesday amid investor enthusiasm to buy shares of small companies.

The TSE benchmark rose more than 3,600 points for the day and climbed 1.2% to close trading week in positive territory.

Given the visible absence of sellers, investors’ foray to buy shares pushed up prices of more than 300 companies (representing 92% of all listed companies), according to Donyaye Bourse website.

TSE trade data on Wednesday indicates that the shares of small companies were more appealing to investors as they largely shied away from trading in commodity, bank, and auto stocks.