Shares in Tehran Stock Exchange and the junior market Iran Fara Bourse took another drubbing Tuesday to extend a losing streak into the third day.
The main gauge of TSE, TEDPIX, dropped more than 14,500 points, or 2.7%, for the day and retreated to 519, 847.33. Smaller losses in the equal-weighted index (1.68%) indicate that the sell-off particularly hit large-cap companies.
Tuesday’s market featured a noticeable lack of buyers against a relentless sell-off of stocks of a broad range of listed companies amid a negative climate due to a variety of internal and external factors.
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