Tehran Stocks Pare Losses as Petchem Shares Rise

Tehran equities pared some of their losses incurred in the past two days as a sense of optimism about soon-to-be-released monthly company earnings boosted investor sentiment on Monday. The recovery in world stocks was another factor for the stocks' rise. 
The slide of the last two sessions also made share prices attractive to some buyers. This was evident in relatively strong demand for petrochemical, refinery and metal stocks as these sectors are still expected to gain from the slide in the rial. 
Bank and auto shares which were battered earlier now seem in better shape as pessimism about the two beleaguered sectors was seen to be waning.