Tehran stocks drift up and down

Financial Tribune – The main gauge of Tehran Stock Exchange, TEDPIX, shed 4,481 points on Sunday and dipped 0.38% to end trading session at 1,185,376 points.

Sell-offs largely hit shares of big listed companies, which tend to have a stronger impact on market-cap weighted TEDPIX, as stocks in many smaller firms were traded mostly in positive territory. This was reflected in the 0.65% growth of the equal-weighted index.

About 13.86 billion shares valued at 158.25 trillion rials ($889.06 million) changed hands at TSE for the day.