TEDPIX sheds more than 12,000 points

Financial Tribune – Tehran stocks started Saturday amid selloff pressure in most ticker symbols before partially recovering as demand for giants in the market picked up pace.

The main gauge of Tehran Stock Exchange, TEDPIX, shed more than 34,000 points at the start of trading session but pared some losses later to close the session 12,347 points lower, down 0.7%.

The equal-weighted index fell more than TEDPIX, indicating deeper decline of small-cap tickers, finally pushing down the equal-weighted index 1.5%.

Total trading value of TSE and the junior equity market Iran Fara Bourse reached more than 160 trillion rials ($727 million) for the day, according to data released on the Tehran Securities Exchange Technology Management Company website.