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Tehran stock rally on hold

5 May 2020 - 15:54


Financial Tribune - The Tehran bourse opened Monday amid sell-off pressure in early hours of trading as investors rushed to sell to save gains from previous rallies.

However, the downturn was relatively short-lived, particularly for large-cap stocks, as the market bounced back after outgoing money was replaced with new liquidity.

The market cap-weighted index soared 22,904 points to climb 2.4% on Monday to finish trade at 979,105 points, about 2% shy of the critical and psychological level of 1,000,000 points.


Story Code: 375205

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https://www.theiranproject.com/en/news/375205/tehran-stock-rally-on-hold

The Iran Project
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