Tehran stocks main index finishes 3% higher

Financial Tribune – Tehran stocks opened trading week Saturday on a strong note as demand remained high for a range of large cap stocks particularly in refinery, base metals and bank groups.

The market-cap weighted benchmark of Tehran Stock Exchange gained 36,127 points to end trading session at 1,189,807 points, pushing up the TEDPIX 3.13% for the day.

The rally was driven by a combination of factors, namely rising currency prices, rise in prices of goods and permissions granted by authorities to listed companies to increase prices of their products.