Tehran Stocks Keep Climbing

After crossing all-time highs on Sunday, the stock market conquered new peaks Monday breaking through another resistance level.

The fresh rally lifted the benchmark index TEDPIX 5,721.76 points or 2.92% to end trading at 201,805.9.

According to Donyaye Bourse analytical website, a flow of new liquidity was the main driving force behind the market boom.

New liquidity flowed to the capital market after investors were disheartened by the bearish trends in most parallel markets. Relative stability in the currency and gold markets has dented investor expectations about putting money in the two safe havens.