Tehran stocks were hit by selloff at the close of trading week on Wednesday as the currency market climate tilted toward more uncertainty and investor sentiment sagged, especially regarding the profit prospects of export-based companies.
The main gauge of Tehran Stocks Exchange, TEDPIX, lost 15,024.88 points, or 0.78%, on Wednesday to end trading at 1,901,169.35, extending a losing streak into the second day.
The decline was partly attributed to the TSE benchmark approaching 2 million points as a psychological resistance ahead.
Add new comment