Stocks Slip After Rally

Tehran stocks opened trade on Monday in positive territory only to jump later into the red under sell-side pressure. 
The main index of Tehran Stock Exchange, TEDPIX, gained 10,000 points at the beginning of the session but pared much of the gains and closed more than 10,000 points lower. 
TEDPIX lost 0.67% for the day to end trade at 1,512,962 points. The sell-off was led by large cap stocks. However, the equal weighted index closed 0.15% higher amid stronger demand for shares of small cap companies. The index gives the same weight to all shares irrespective of their market capitalization.