Tehran stocks dip 0.7%

Financial Tribune – After a short-lived bull market in the earlier session, the benchmark of Tehran Stock Exchange dipped 0.72% on Tuesday. The TSE’s market cap-weighted index, TEDPIX, lost 3,653.90 points for the day and closed session at 502,426.11.

Trading at TSE and over-the-counter Iran Fara Bourse starts on Saturday and ends Wednesday.

IRCA Part Sanat Company (auto part manufacturer) was the biggest winner as its shares went up 10.77% to 9,730 rials per share.