Tehran stocks opened in upbeat mode on Tuesday but shed gains during the session to close trade at the flatline.
In the early hours of trade, the main index of Tehran Stock Exchange, TEDPIX, gained more than 5,000 points before paring later. The benchmark lost 74.76 points or 0.01% to end trade at 1,150,129.
Higher sell-side pressure in most small cap shares dragged down the TSE’s equal-weighted index by almost 0.8% on Tuesday.
About 8.75 billion shares valued at 52.32 trillion rials ($218.02 million) changed hands at the TSE for the day.
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