Tehran stocks keep climbing

Financial Tribune – The main gauge of Tehran Stock Exchange hit a record high of 392,000 points on Monday after gaining more than 16,000 points, or 4.3%, for the day.

Monday marked the third day in a row of rallies since Saturday as investors strive to pare last week’s losses largely due to the heighted political and military tensions in the strategic region.

Over the past three sessions, the TSE benchmark, TEDPIX, soared more than 35,000 points, higher than a total loss of 30,000 points during the four trading sessions last week.