Socks Lose More Ground

A sharp rally in the early hours of stock trade on Sunday gave way to sell-off in most ticker symbols as investors rushed to sell and save past gains. 
The main index of Tehran Stock Exchange, TEDPIX, gained close to 28,000 points in early trade but reversed later as sell-side pressure mounted in some blue chips and large caps. 
TEDPIX pared much of early gains and closed 12,487 points higher to stand at 1,234,557 up 1%. The equal-weighted index, however, crept into negative territory pulling down the index by 0.64%.