Stocks Move Into the Red, Again

Tehran stocks again saw shareholders rushing for the exits at the close of trading session on Wednesday as investors’ hope about the market returning to the good old days faded. 
The benchmark of Tehran Stock Exchange, TEDPIX, shed 52,902 points to drop 3.14% and close trade at 1,631,883 points, putting the TSE weekly loss at 5%.
The market witnessed a huge decline in the value of trade Wednesday as there were few buyers in the long line of sale orders.  
Retail trade at TSE reached 62.4 trillion rials ($260 million), down 27% compared with Tuesday’s close, according to the Persian-language economic news website eghtesadnews. 
Data showed capital outflow worth 26 trillion rials ($112m) mainly by retail traders while sale orders worth 130 trillion rials ($560m) remained unprocessed due to lack of buyers.