Tehran stocks extend 4-session winning streak

Financial Tribune – Tehran stocks experienced one of its best days on Sunday climbing more than 4.4% as sentiments were boosted by new government pledges to support the market.

The benchmark of Tehran Stock Exchange, TEDPIX, gained a record high of 47,342 points and closed the session at 1,116,186 points, further strengthening its foothold above the 1,000,000-points reached in May.

The market has gained more than 14% in four consecutive rallies since last Monday after three weeks of bear market and relatively deep correction in prices.