Tehran stocks bounce back

Financial Tribune – Tehran Stocks rebounded on Monday as investors found share prices — depressed during a four-day bearish trend — attractive enough to place orders.

The main gauge of Tehran Stock Exchange, TEDPIX, pared 26,375 points of the earlier losses and climbed 2.72% to close the session at 994,835.

Signs of a market recovery had appeared in the later hours of Sunday as sell-off pressure on a wide range of shares eased suggesting that the market would open on a high note the next day.