Business And Markets
0

Tehran Stocks Tumble Amid Selloff Rush

Tehran Stocks Tumble Amid Selloff Rush Tehran Stocks Tumble Amid Selloff Rush

After a two-day bull market, Tehran stocks took a drubbing on Monday, shedding more than 6,000 points to close trading session 1.9% lower. 
The market saw massive selloff and negative prices for 160 symbol tickers (out of a total of 323) in one hour after the opening of the session, later rising to 300 symbols. 
The downturn for equal-weighted index was even deeper at 2,855, or 3.08%, hitting a historic level, according to Donyaye Bourse website. 

It has been seen in recent times that the bourse is more inclined toward emotional behavior and haste by novice investors in unusually big numbers. 

Premium

Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Add new comment

Financialtribune.com