Uncertainty Drags Down Tehran Stocks

Equities in both of Tehran Stock Exchange and the over-the-counter Iran Fara Bourse made a rare nosedive at the start of trading week on Saturday as markets dived following renewed military tensions in the strategic Persian Gulf region. 
TSE shed more than 16,700 points for the day, plunging 4.3% and taking a step backward to 367,000 points with sell-off hitting more than 90% of shares. 
Investors pushed sentiment aside and rushed in swarms to dump shares unnerved and concerned about what could unfold in the uncertain future under rising political tensions in the strategic oil-rich region.   
Stocks took a historic drubbing in terms of volume while in percentage terms the drubbing was at its highest since March 2015, according to analytical website Donyaye Bourse.