Tehran Stocks Show Resilience

EghtesadOnline: The key index was able to overcome the resistance in the range of 1,668,000 points and advance to highs unseen in months with the potential to move higher.

News ID: ۷۵۲۳۰۴

26 February 2023

Tehran Stock Exchange's main index, TEDPIX, gained 82,188.58 points or 4.96% on Saturday to end at 1,738,782.27, posting the highest daily growth in recent months and displaying some rare resilience. The TSE equal-weighted index climbed 4.46%.

About 18.14 billion shares worth 114.67 trillion rials ($254.82 million) changed hands for the day. Trading at TSE and over-the-counter Iran Fara Bourse starts on Saturday and ends Wednesday.

The key index was able to overcome the resistance in the range of 1,668,000 points and advance to highs unseen in months with the potential to move higher.

Market charts along with the entry of the RSI into the upper 70% range showed the enthusiasm of stakeholders who for long periods preferred to err on the side of caution.