Tehran stocks fall 2.5%

Financial Tribune – The main index of Tehran Stock Exchange, TEDPIX, fell 2.51% on Tuesday, shedding 43,294 points and retreating to 1,684,741 points.

Sell-off hit most ticker symbols of large-cap shares from the early hours of trade as sell-side pressure continued throughout the day despite sporadic attempts by institutional traders to prop up demand.

The equal-weighted index was also down 1.41% for the day as downturn in blue chips soon extended to majority of small-cap shares.