24 Nov 2024
Sunday 12 April 2020 - 15:38
Story Code : 373609

Tehran stocks at new highs

Financial Tribune - Tehran Stocks soared by 10,800 points at the start of the trading week on Saturday and crossed the psychological level of 600,000 points to post 1.8% gain.

Large-cap stocks in giant petrochemical and base metal companies were top performers for the day, having the biggest impact on the market-cap weighted index, TEDPIX, and the rally was less driven by small-cap stocks.

Price correction in a number of small-cap stocks sent the equal weighted index lower at 0.81%. The index gives the same weight to all stocks irrespective of their market cap.

Out of a total of 298 active ticker symbols of companies listed with TSE, the symbols of 193 companies on Saturday closed in positive territory while sell-offs hit 111 ticker symbols, according to Donyaye Bourse website.
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