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.
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