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Tehran Stock in Corrective Stage

Tehran Stock in Corrective Stage Tehran Stock in Corrective Stage

The Tehran Stock Exchange reentered the bear market from Monday, which had pushed down its main gauge more than 3,000 points in three straight days of trade.
After a shining performance last week, the market entered a corrective phase gaining momentum at the end of the trading week on Wednesday when TEDPIX shed more than 2,000 points. 
The corrective phase led to a massive selloff pressure which mainly hit the small stocks. 
However, positive signals from the world market kept metals and commodity stocks in positive territory, according to the Donyaye Bourse website.  

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