Tehran stocks riding high

Financial Tribune – Tehran Stocks surged 28,543 points Sunday logging 3.7% growth to stand at 797,863 points, drawing nearer to the uncommon 800,000 points.

The value of retail trade at TSE reached an all-time high of 115 trillion rials ($718 million) for the day as a minority of investors increased offers to save gains while a bigger majority increased buys, according to Donyaye Bourse website.

Taking into account the value of retail trade in the junior market Iran Fara Bourse, the overall figure stood around 170 trillion rials ($1billion), an indication of huge injection of liquidity by the army of new investors into the fast-pacing market.