TSE Early Rally Ends in Sell-Off

The share market opened trading on Tuesday on a strong note in the first session only to lose ground later as sell-side pressure mounted for many large-cap shares in the second round.
The benchmark of Tehran Stock Exchange, TEDPIX, gained more than 46,000 points and climbed 2.2% in the early hours of trade but pared gains as trade commenced in the next round. 
Gains shrunk to 0.5% and TEDPIX finally closed the session 9,599 points higher to stand at 1,825,354 points. The equal-weighted index was up 0.76%, indicating better performance of small-caps.