Stocks Log Negative Weekly Return

After a short-lived rally a week before, Tehran’s stock market lost luster in the week ending Wednesday amid sharp increase in capital outflow by nervous retail investors. 
The main index of Tehran Stock Exchange, TEDPIX, shed more than 17,000 points and dropped 1.3% to stand at 1,284,160. 
Small caps dragged down the TSE’s equal-weighted index by 2%. Unlike the market cap-weighted TEDPIX, the latter index gives the same weight to all shares irrespective of their market cap.  
Investors have largely stuck on the exit side for the nine straight sessions ending Wednesday. According to Eqtesad News, average capital outflow by retail investors was five trillion rials per day ($18.8 million), up 134% compared to the daily average a week before. 
Total capital outflow in the past nine sessions was near 37.26 trillion rials ($140 million). 
Stock trade again entered a recession phase as retail investors stayed away. Weekly trade by retail investors dropped 15% on the week before. 
Iran’s share market has been struggling with a crisis since August 2020 after prices made historic gains in a very short period only to plunge deep down.  
The government under President Ebrahim Raisi has so far tried but failed to revive the bourse or restore the trust of millions of retail investors who have lost much of their savings and are demanding the government set the record the straight.