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Refineries Pull Down Bourse

Refineries Pull Down BourseRefineries Pull Down Bourse

Tehran stock market closed the first weekly session on Saturday slightly lower amid a sell-off of major refinery shares.

The benchmark of Tehran Stock Exchange, TEDPIX, lost 4,602 points to drop by 0.27% at 1,699,506 points.

TEDPIX swung up and down for the day. It opened in the red as a negative climate, driven mainly by political factors, perturbed investors. However, it recovered later as demand picked up for blue chips, pushing up the TEDPIX by 8,000 points, before reversing course later.

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