Tehran stocks dip 0.8%

Fnancial Tribune – The main gauge of Tehran Stock Exchange shed more than 2,500 points, or 0.81%, on Wednesday as equities showed mixed response to financial reports of listed companies.

While the majority of symbol tickers were in the red, some stocks in pharmaceuticals and petrochemical groups closed trading session in positive territory.

Despite bleak summer reports, the price of auto company stocks soared.

The TSE’s main index TEDPIX closed Wednesday’s trade at 305,807.6.

About 2.44 billion shares valued at 10.88 trillion rials ($96.7 million) changed hands at TSE for the day.