Large Caps Defy Early Selloff

Tehran stocks were choppy on Monday as many large caps started trade deep in the red but recovered later. 
The main index of Tehran Stock Exchange, TEDPIX, lost more than 23,000 points in the early selloff but the market-cap weighted index pared losses later buoyed by gains in large caps. 
TEDPIX closed a little above the flatline and gained 1,240 points or 0.1% to end trading at 1,235,798. The equal-weighted index dropped by 1.18% as majority of small stocks declined.