Tehran Stock Exchange experienced one of its biggest downturn in nearly two months on Tuesday, with its main index, TEDPIX, losing more than 26,318 points, or 2.5%, to retreat back to 1,021,444.
Excitement and herding behavior were evident in Tuesday’s session as investors, mostly newcomers and unprofessional, kept moving to and fro during trading hours.
The market opened in positive territory with sell-off starting to hit small cap stocks in the early hours before being extended to large-caps later.
Add new comment