Stock Market Enters a Correction Phase

A wave of selloff swept across Tehran’s share market on Monday breaking a long winning streak as prices of most stocks went into a correction zone after the bullish run.   
The benchmark of Tehran Stock Exchange, TEDPIX, bucked a five-day rising trend and shed 12,904 points or 0.83%, retreating to 1,540,137.
The TSE’s equal-weighted index fell close to 0.6% for the day after ending in positive territory for 15 straight sessions. The latter index better tracks the performance of small caps.