Tehran stocks surge 3.6%

Financial Tribune – Tehran stocks made one of the biggest advances on Tuesday, rising almost 50,000 points as demand for most commodity shares remained high and increase in currency rates boosted inflation expectations.

The main index of Tehran Stock Exchange, TEDPIX, climbed 3.69% for the day to end trading at 1,391,040.97. Large-cap shares contributed the highest to the TEDPIX.

Out of a total of 420 active ticker symbols at TSE and the junior equity market Iran Fara Bourse, 344 symbols were traded at positive territory, representing 82% of shares.