Tehran stocks wrap up week on high note

Financial Tribune – Tehran Stocks closed trading week on Wednesday on a strong note to extend rallies that dominated the market since Saturday.

The main gauge of Tehran Stock Exchange, TEDPIX, climbed 2% and gained more than 10,000 points for the day to stand at all-time high of 555,165 points.

Main drivers of the Wednesday’s rally were bank and metal stocks while stocks of auto companies remained unattractive for investors, according to analytical stock market website Donyaye Bourse.