Tehran stocks set new highs

Financial Tribune – Tehran stocks opened trading week on a high note Saturday, extending a bullish trend that has dominated the market for six consecutive days.

The main gauge of Tehran Stock Exchange climbed 2.6% to gain more than 10,500 points for the day, comfortably crossing the critical 400,000 points.

Value of equities exchanged by retail traders hit an all-time high of 36.2 trillion rials on Saturday — 4 trillion rials above the previous record on Dec. 23, according to the analytical Donyaye Bourse website.

Stocks of large-cap accompanies in auto, bank, chemical and base metal groups accounted for 16 trillion rials of the trade value.