Business And Markets

Share Market in Hot Seat

Share Market in Hot Seat Share Market in Hot Seat

Tehran’s share market saw a bruising sell-off on Sunday pulling down the main market indicators as political concerns weighed on investor sentiment. 
The main index of Tehran Stock Exchange, TEDPIX, shed 47,245 points for the day, dropping by 2.78%, to close trading session at 1,652,248 points. 
Sell-off pressure mounted on a broad range of shares from the beginning of trade with close to 80% of ticker symbols finishing in the red with no buyers for sale orders worth 90 trillion rials ($346 million), eghtesadnews reported. 
Retail trade value in both TSE and the junior equity market Iran Fara Bourse reached 98.58 trillion rials ($380 m), down 30% compared with the previous session. 


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