Financial Tribune - Tehran stocks stumbled to break above the psychological 1.5 million points on Monday and shed more than 10,000 points bucking a 10-session bullish trend.

The main index of Tehran Stock Exchange, TEDPIX, lost 0.67% to end Monday’s session at 1,481,924.14.

The downturn hit smaller shares harder as seen in the 1.23% drop in equal-weighted index, which tracks all shares irrespective of size.

Observers see Monday’s sell-off as a market response to the benchmark drawing close to the psychological 1.5 million point level.