Tehran stock trade mixed

Financial Tribune – Tehran’s stock market went through two different trading versions on Sunday, with the benchmark of Tehran Stock Exchange rising nearly 14,000 points in early hours of trading before sliding into negative territory as the session drew to a close.

The TSE’s main gauge, TEDPIX, dropped 3,083 points for the day to stand at 970,411 points and close trading session 0.33% lower.

While a solid 3.7% gain a session earlier boosted sentiments that the stock market is poised for new gains after a long correction phase, the rally proved to be short-lived amid cautionary behavior among investors as enthusiasm for buying shares in the opening hours of trading session gave way to a rush to sell.