Tehran stocks near threshold level

Financial Tribune – Large and small-cap shares took different paths in the Tehran Stock Exchange on Sunday with the shares of the latter closing mainly in the red and the former pushing the TSE benchmark further into positive territory.

The main gauge of TSE, TEDPIX, closed 25,674 points higher to reach 1,491,951, making 1.75% gain daily. The benchmark had reached 1,499,900 points in the early hours of trade, barely 100 points shy of the psychological 1.5 million points, which many analysts consider a resistance level.

Failing to touch the critical level, most shares went into a sell-off with micro-cap shares hit harder and many large-cap stocks rebounding later.