Business And Markets

Tehran Stocks Buck Rising Trend


After a fragile gain a session earlier, stocks stumbled in Tehran on Monday to buck a rising trend that extended for five sessions.  
The main gauge of Tehran Stock Exchange, TEDPIX, lost 7,083 points, or 0.56%, for the day to end trading at 1,257,286. The drop could be deeper if it were not because of an asymmetrical daily price range enforced by the stock market regulator on Saturday, allowing price shares to drop by a maximum 2% each day.   
As per the temporary plan enforced by Securities and Exchange Organization, enforced share prices spread asymmetrically from -2% to +6% per day instead of the previous ±5%. 


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