Tehran stocks down as bearish week ends

Financial Tribune – After two straight rallies, the main gauge of Tehran Stock Exchange lost some of its earlier gains on Wednesday amid selloff in the stocks of the basic metals, petrochemical and mineral groups.

The TSE’s main index TEDPIX lost 728.52 points or 0.34% on Wednesday to end trading week at 211,017.9.

About 3.8 billion shares valued at 12.91 trillion rials ($86.70 million) changed hands at TSE for the day.