Stock Market Decline Gathers Momentum

Sell-side pressure that has swept across Tehran’s battered share market in the past several months, gained momentum on Sunday further wrecking share prices.
The unceasing pressure from sellers caused the benchmark of Tehran Stock Exchange, TEDPIX, to lose a strong support level and plunge deeper.
TSE's main gauge lost 35,349.18 points or 2.57% to end trade at 1,340,319.
The TSE-30 Index lost close to 3% and the TSE’s equal-weighted index fell 2.8% indicting that the sell-off force hit all stock categories. The former index tracks the performance of top 30 listed companies in terms of market cap. The latter gives the same weight to all listed companies irrespective of their size.