Auto Sector Adds to Stock Market Tumult

Tehran stocks opened trading week again under sell-side pressure as the government move to intervene in pricing cars produced by domestic companies weakened sentiment and added to uncertainty.
The main gauge of Tehran Stock Exchange, TEDPIX lost 17,301.52 points or 1.19% to retreat to 1,439,177. The benchmark had gained for three straight the sessions.
TSE’s equal-weighted index slipped 0.85%, indicating that small caps outperformed many large cap stocks.