Tehran Stocks Continue Losing Streak

As negative psychological conditions continue to undermine financial sectors, the stock market in Tehran took another drubbing on Tuesday as investors embrace extra caution regarding future developments. 
Following unprecedented plunges since Saturday, stocks had opened Tuesday in positive territory boosting sentiments that the market may enter a recovery phase after breath-taking losses.
However, the optimism was short-lived as symbol tickers soon began to turn red, leading the Tehran Stock Exchange’s main gauge to close trading session down about 7,000 points and dropping more than 1.9% for the day.