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Stocks Claw Back Some Lost Ground

Stocks Claw Back Some Lost Ground Stocks Claw Back Some Lost Ground

Tehran’s stock market gained some composure on Monday as sell-side pressure on a number of shares eased and sentiments were boosted by supportive measures. 
The main index of Tehran Stock Exchange, TEDPIX, gained close to 30,000 points to add 1.86% and end trading at 1,607,587 points. 
Despite solid gains for TEDPIX, which is heavily impacted by market capitalization of listed companies, the equal-weighted index closed on the flat-line. The latter gives the same weight to all shares irrespective of their size. 
TEDPIX lost more than 25% during a deep downturn that started in early August, compelling market authorities to find ways out of the crisis. 

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