Direct Investment Seen as a Bane of the Share Market

Iranians usually opt for investing directly in the stock market and are less inclined to let investment funds or asset managers to trade on their behalf. In most countries the opposite is the norm.
Currently more than 80% of stock trade is handled directly by individual investors, according to Reza Kiani, the Tehran Stock Exchange’s deputy for research and development. 
Kiani blamed the large presence of retail traders and ordinary investors on herding behavior now taking a toll on bourse in Tehran.