Tehran stocks lose only to make a comeback

Financial Tribune – Market indicators in both Tehran Stocks Exchange and over-the-counter market Iran Fara Bourse made a complete U-turn at the start of trading week on Saturday.

The main gauge of TSE, TEDPIX, lost about 12,000 points at the early hours of trading session before clawing back to positive territory later.

The early collapse was a visible reaction by jittery investors to a decision by Financial Action Task Force, the global anti-money laundering watchdog, to place Iran on its blacklist.