Tehran stocks pare recent losses

Financial Tribune – Tehran stocks made a U-turn at the start of trade on Saturday after sharp losses last week.

Buoyed up by relative calm on geopolitical landscape, investors, who were largely positioned on the sell side last week, rushed to buy shares on Saturday.

Boosted by fresh optimism, the benchmark of Tehran Stock Exchange pared 6,000 points of the earlier losses and climbed 1.7%.

Out of 314 active symbol tickers, 313 symbols ended in green and stocks of 312 companies changed hands at the highest maximum daily prices.