Pressure Mounts on Small Caps 

Tehran stocks closed Tuesday lower again amid mounting sell-side pressure on small caps and retail investors rushing to the exits. 
The equal-weighted index of Tehran Stock Exchange, fell 1%  after plunging 1.5% a day earlier. The index gives the same weight to all shares irrespective of their market cap and is a better benchmark for gauging the status of stocks in small listed companies.  
Thanks to the role of institutional investors, the TSE's main index TEDPIX incurred a smaller loss giving up 4,062.63 points or 0.27% to end trade at 1,483,534.