Tehran Stocks Fall as Oil Prices Remain Weak

The Tehran stock market has moved lower on consecutive trading days, as low oil prices continue to batter investment sentiment. 
Tehran Stock Exchanges' main index TEDPIX has retreated 6% since the beginning of the current fiscal year on March 21. On Monday, TEDPIX was down 4,789 points or 2.80% and now rests at 166,463.5 point. 
The fall in refinery and commodity stocks has impacted the whole market, causing another wave of selloff on Monday. Even auto and bank stocks, which on Saturday had gone against the market trend and made gains, reeled under the pressure on Monday.