Tehran Shares Close Flat

Tehran stocks pared losses in the early hours of trade on Monday to close near the flatline buoyed by demand for a handful of large caps. 
The benchmark of Tehran Stock Exchange, TEDPIX, lost more than 2,000 points at the beginning of the session but closed 886 points or 0.07% lower, ending trade at 1,186,956. 
The fragile recovery was due mainly to price rise in some large caps, especially metal companies, as shown in higher gain by the TSE-30 Index. The index climbed more than 0.3% on Monday. It tracks the performance of top 30 listed companies in terms of market cap.