Tehran Stocks Falls Under Relentless Sell-Off

Tehran’s bourse was again counting its losses on Sunday as a bruising sell-off swept through a majority of small and large cap shares. 
The main index of Tehran Stock Exchange, TEDPIX, lost 43,373 points and fell 2.68% for the day to retreat below 1.6 million points and close trade at 1,572,158. 
Giant listed companies in the banking, refinery, auto, petrochemical, mineral and steel sector were hit harder, pulling down the TSE 30 Index by a solid 4%. The index tracks the performance of 30 listed companies with highest market capitalization. 
The equal-weighted index closed trade 1.15% lower. The index offers a better picture on the performance of penny stocks.