Tehran Stock Exchange Enters Correction Phase

After seven consecutive rallies, Tehran Stock Exchange turned bearish on Sunday and its main index, TEDPIX, shed 532 points to close trading at 224,057 points and enter a correction phase. 
According to the Donyaye Bourse website, the main gauge of TSE continued to soar during midday trade and briefly touched 227,000 points, before being stopped by  selloff pressures in the final hours of the trading session. 
Big shares contributed the most to the benchmark fall while the demand for small shares were still high. 
After several rallies in recent days, the correction phase had been predicted by the analytical website.