Slight surge in Tehran stocks amid cautious mood

Financial Tribune – The main gauge of Tehran Stock Exchange climbed more than 1.8% on Monday adding 17,708 points to stand at 988,188 points, drawing closer to the 1,000,000 milestone.

Despite the rally, which was driven largely by a limited number of big listed companies, the market featured a noticeable decline in the value of trade, indicating investor aversion to trade shares and the uncertainty about what lies ahead in the coming days.

The value of deals by retail investors in both TSE and the junior equity market Iran Fara Bourse amounted to 95 trillion rials ($558 million) on Monday, which was way lower than the average in recent days, according to Donyaye Bourse website.