Selloffs Continue Thrashing Tehran Stocks

Tehran stocks took another beating on Sunday as bruising selloffs that have persisted since March 7 continue to hit a broad range of stocks. 
Selloffs wiped more than 8,600 points off the main index of Tehran Stock Exchange for the day, sending TEDPIX 1.7% lower and retreating below the critical 500,000 points.
Although key market indicators displayed relative improvement over previous sessions, there was still a massive selloff in 145 symbol tickers of TSE-listed companies, accounting for 47% of all active symbols for the day, according to Donyaye Bourse website.