Business And Markets

Tehran Stocks Slide 1.4%

Tehran Stocks Slide 1.4% Tehran Stocks Slide 1.4%

Tehran stocks fell on Monday amid the pressure of a massive sell-off that initially swept bank stocks but later extended to equities of a wide range of listed companies. 
After delivering a flat performance a day earlier, the benchmark of Tehran Stock Exchange lost more than 4,200 points on Monday to close trading session 1.4% lower.
The steep fall in the price of bank equities was the main driving force behind the benchmark fall as investors lost sentiments following the unofficial news that Central Bank of Iran may set limitations on procedures involved in boosting capital of banks.
The news was corroborated as the CBI deputy for supervisory affairs, Farhad Hanifi, on Monday announced limitations in asset revaluation methods through which banks can boost capital. 


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