Tehran stocks gain ground

Financial Tribune – The benchmark of Tehran Stock Exchange moved to new highs at the start of trading week on Saturday amid renewed investor sentiments toward the market’s future.

TSE’s main gauge, TEDPIX, gained 40,306 points for the day to climb 3.9% and stand at all-time high of 1,068,844 points.

The rally swept through all small and large cap stocks with large-cap shares having the upper hand as shown in the 4.3% growth in the TSE-30 index, which tracks the performance of 30 largest companies listed with the TSE in terms of market capitalization.