Tehran stocks at new highs

Financial Tribune – Tehran Stocks soared by 10,800 points at the start of the trading week on Saturday and crossed the psychological level of 600,000 points to post 1.8% gain.

Large-cap stocks in giant petrochemical and base metal companies were top performers for the day, having the biggest impact on the market-cap weighted index, TEDPIX, and the rally was less driven by small-cap stocks.

Price correction in a number of small-cap stocks sent the equal weighted index lower at 0.81%. The index gives the same weight to all stocks irrespective of their market cap.

Out of a total of 298 active ticker symbols of companies listed with TSE, the symbols of 193 companies on Saturday closed in positive territory while sell-offs hit 111 ticker symbols, according to Donyaye Bourse website.