Tehran Shares Descend 1.8%

Tehran share market was choppy on Monday as a rally in the opening hours soon turned into heavy sell-off by nervous investors.
The main gauge of Tehran Stock Exchange, TEDPIX, shed 26,175.89 points to plunge 1.81%, closing at 1,416,339.
Sell-side pressure was a bit less intense for small caps and penny stocks as seen in the TSE’s equal-weighted index. Giving the same weight to all stocks, the index was down almost 1%.