Tehran Stocks Pare Losses After Sharp Plunge

Tehran Stock Exchange eked out a 1.9% gain on Sunday and soared close to 9,800 points to pare some of the losses a session earlier.
Stocks recovered from a rare nosedive that wiped more than 18,000 points off the TSE’s benchmark, TEDPIX, after market reacted to coronavirus outbreak in Iran.    
The short-lived correction phase soon gave place to a sharp rally in share prices as optimisms toward market outlook outweighed pandemic fears.