TEDPIX Falls, Bank Stocks Buck Trend

Iranian stocks fell again on Tuesday as concerns about the rout in global markets and weak oil prices heightened investor fears on a day that President Hassan Rouhani submitted next year's budget to the parliament. 
A raft of downbeat earnings for commodity companies sparked the decline, sending the Tehran Stock Exchange's main gauge down 533 points. However bank stocks continue to be a darling for investors as revaluation of lenders' assets has prompted some excitement about their state. Bank Mellat and Tejarat Bank in particular boosted the index.