Tehran Stock Market Rally Continues

After undergoing a correction phase on Wednesday, stocks soared again on Saturday to break another record. The main gauge of Tehran Stock Exchange, TEDPIX, rose 4,464 points and lifted the index by 2.23% to register a new record at 204,375 points.

Financial Tribune- According to the Donyaye Bourse website, the positive developments about auto and petrochemical stocks, launching the regulated foreign exchange market and extending tax exemption on capital boost of listed companies were among the driving forces behind the weekend rally.
This is while stocks in Asia traded mixed on Friday after modest gains in their US counterparts, ahead of a holiday weekend in many countries.
Shares edged higher in Japan and Korea, and fluctuated in China, with trading volumes lighter than usual.

Publish Date: Apr 22, 2019