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Tehran Stocks Closes 2% Lower

Tehran Stocks Closes 2% Lower  Tehran Stocks Closes 2% Lower

Downturn in the currency market extended to share prices in Tehran, particularly those of export-oriented companies. 
The main index of Tehran Stock Exchange, TEDPIX, lost 27,684, shedding 27,864 points to close trading session at 1,262,887 points. 
The sell-off visited almost all stocks but export companies were hit harder as shareholders lost sentiment due to the weakening dollar.
Shares in some auto companies were the gainers of Saturday's trade while most mineral, steel, and petrochemical and refinery stocks lost value.

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