Tehran Stocks Close Almost Flat

A day after rationing gasoline the stock market in Tehran opened trading flat on Saturday amid rising prices for refinery equities and steep fall in auto stocks. 
The market opened in positive territory in the early hours, gaining more than 1,800 points, before retreating to the red zone. 
The main index of Tehran Stock Exchange TEDPIX lost 208.23 points, or 0.07%, on Saturday to end trading at 306,885.9.
Shares of refineries were well received by investors as they expected rising prices in shares of this category following a three-fold rise in prices of gasoline on Friday.