Business And Markets

Stock Walloping Continues

Share prices in Tehran took a new drubbing Monday as the bruising sell-off continued extending the long streak of losses in five sessions in a row. 
The main index of Tehran Stock Exchange, TEDPIX, lost more than 3% and shed 36,486 points to close at 1,150,224, the lowest since June 10. The equal-weighted index, which gives the same weight to all stocks, was down 1.71% for the day. 
Stocks of 424 listed companies, which represent 90% of the market, experienced price declines. The bourse has seen net capital outflow by retail traders for five consecutive sessions reaching 14.16 trillion rials ($60 million). 


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