Stocks Early Rally End in Selloff

Tehran stocks opened trade on Tuesday in upbeat mode before paring gains later amid rising sell side pressure in most stock categories. 
The main index of Tehran Stock Exchange, TEDPIX, gained about 8,000 points in early hours of trade but lost more than half the gains and closed 3,362.84 points or 0.3% higher. The gains put TEDPIX at 1,160,568.
Sell side pressure was higher on small cap stocks, causing the TSE’s equal-weighted index to drop slightly below the flatline. 
About 8.24 billion shares valued at 53.36 trillion rials ($222.34 million) changed hands at TSE for the day.