Tehran stocks buoyed by domestically-oriented shares

Financial Tribune – Unlike the shaky global markets, Tehran stocks opened trading week in positive territory as investors sold metal and commodity equities to buy shares of less export-oriented firms, perturbed by widespread price fall in global metal markets.

The main gauge of Tehran Stock Exchange rose 1.4% on Saturday adding 5,790 points to TEDPIX to close trading session at 417,001.

Saturday’s session marked a price fall in most metal stocks triggered by a selloff in global industrial metals, and rising demand for shares of less export oriented industries, including cement, food, ceramic, pharmaceuticals and transportation, according to Donyaye bourse website.