EghtesadOnline: Stocks continued their unabated surge on Tuesday, making the benchmark index TEDPIX 2.6% shy of its own historic high. The surge comes as foreign exchange rates remain bullish and a stampede of retail investors has made demand for all kinds of stocks particularly high.
EghtesadOnline: Stock markets in Iran are on fire. Free flowing liquidity from parallel markets, rise in global commodity and metal prices, bullish foreign exchange rates, good yearend reports for listed companies and a stampede of new retail investors eager to ride the upward momentum have catapulted the Tehran Stock Exchange more than 4% since the start of the current year (March 21).
EghtesadOnline: With stocks delivering good winter runs after heavy losses in late autumn, retail investors are being lured back into the market days after Tehran's main bourse was about to sound the alarm.