Tehran stocks pare losses

Financial Tribune – Tehran stocks ended trading week on Wednesday in positive territory to buck a bearish trend that dominated the market for three sessions in a row.

The main gauge of Tehran Stock Exchange, TEDPIX, pared 1.34% of earlier loss and gained 12,416 points to stand at 938,549 points for the for the day.

The TSE benchmark had lost more than 8% during three sessions of market correction.

Stocks opened the early hours under sell-off pressure before making a comeback later as demand rose for stocks of large cap companies.