It said the price index, TEPIX, had also rallied by 1,737 to stand at 102,799 points, bringing the total value of Tehran Stock Exchange to more than 12,130 trillion rials (over $90.5 billion).

ISNA reported that TEDPIX, the main index at TSE, had increased by 4,942 points to reach a total of 332,567, a record high never seen on the market before.

The figures recorded on Sunday were slightly higher than a previous round of boom seen on the market on October 5, 2019, when TEDPIX stood at 327,305 and TEPIX topped 97,377 points.

A total of 4.772 billion shares were traded at TSE on Sunday at 544,880 times of exchange with an overall value of 23.09 trillion rials (over $172 million), said other reports.

One private bank, one major petrochemical company and several mining and metals groups were among those with highest-yielding shares in the market.

The ISNA report further said that trade in Iran Fara Bourse (IFB), an off-exchange market, was also booming on Sunday with the main index closing at 4,282 points, a 53-point increase compared to the previous day.

However, the report added that the IFB had accommodated a total of 388,000 share trades worth more than $410 million.

The latest rallies at TSE and IFB come despite a surge in the prices of foreign currencies in Iran that began following a government decision to increase the price of fuel last month.

That proves reports that shares have outperformed forex in attracting household savings as a major source of investment.

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