Tehran Bourse Sheds 1%

After a short rally driven by an upsurge in large caps last Wednesday, Tehran’s share market was back in negative territory on Saturday.
The main index of Tehran Stock Exchange, TEDPIX, shed 13,512 points to retreat below the 1.2 million points, closing at 1,194,338.
Decline in large caps pulled down the market-cap weighted TEDPIX by 1.12% while the equal-weighted index lost 0.37%. The latter gives a better picture on performance of small caps.