Tehran stocks lower for 2nd day

Financial Tribune – The main gauge of Tehran Stock Exchange closed trading week Wednesday in negative territory to buck a bullish trend that dominated the market for 21 consecutive sessions.

The TSE benchmark, TEDPIX, lost 2,647.54 points, or 0.27%, on Wednesday to end trading at 977,923.47 in the second day of decline.

About 13.01 billion shares valued at 133.06 trillion rials ($842.16 million) changed hands at TSE for the day.

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