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Tehran Stocks Shed 3,700 Points

Tehran Stocks Shed 3,700 Points Tehran Stocks Shed 3,700 Points

The main gauge of Tehran Stock Exchange, TEDPIX, dropped 0.93% on Tuesday while the equal-weighted index took a reverse course and climbed more than 1% for the day.
Indicators report a downturn for large-cap companies as shown by the TEDPIX, and an upbeat performance for stocks of smaller companies. Equal-weighted index give the same weight to all stocks regardless of their market cap. 
Gloomy quarterly reports pushed down the stocks of large-cap listed companies which include giant petrochemical and metal firms, according to the Donyaye Bourse website. The companies usually have the most impact on the TSE benchmark. 

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