Tehran stocks climb higher

Financial Tribune – Tehran stocks extended weeks of consecutive rallies on Tuesday as demand remained high for shares of big listed companies.

The main gauge of Tehran Stock Exchange, TEDPIX, gained 25,447 points to climb 3.1% and close session at 845.952 points to put TSE’s growth at 22.5% during seven trading days since the beginning of current calendar month (April 20).

Investors’ keen interest in large-cap stocks pushed up TSE 30 index, which tracks the 30 largest publicly traded companies, to 4.1%.

This is while sell-off and price correction in many small shares caused the equal-weighted index to close lower at 1.7%.