Stock Market Losing Streak Persists

Tehran stocks extended losses on Monday with the benchmark of Tehran Stock Exchange, TEDPIX, losing 1%.
The market cap-weighted TEDPIX shed 14,709 points to plunge deeper below the 1.5 million level, finishing trade at 1,475,274.
Sell-side pressure on small caps was again high dragging down the TSE’s equal-weighted index 1.35%.
About 10.95 billion shares valued at 75.71 trillion rials ($280.4 million) changed hands at TSE for the day.