Tehran Stocks Recover Some Earlier Losses

Tehran stocks pared some earlier losses on Monday to compensate for over 1.8% of its benchmark fall in earlier sessions. 
After two straight sessions of bear market, which was created under massive selloff pressure, the price of almost 90% of listed companies’ stocks dropped on Sunday. 
Encouraged by the general price fall, market participants turned to buying during the early hours of trading day on Monday, pushing up the TSE’s main index, TEDPIX, to 207,751 points. 
Auto and bank stocks, which were among the worst performing in the previous session, gained renewed traction on Monday. However, shares of the cement group were grappling with selloff pressure.