Business And Markets

Tehran Stocks Slip 1.7%

Tehran Stocks Slip 1.7%
Tehran Stocks Slip 1.7%

A rally in the early hours of trade on Tuesday in Tehran’s share market gave way to a sell-off later amid renewed uncertainty among investors.  
The Tehran Stock Exchange benchmark, TEDPIX, lost 20,748 points or 1.68% to end trading at 1,215,033.94. The sell-off swept through both small and large caps pulling the equal-weighted index down 1.3%. Unlike the market cap-weighted TEDPIX, the former index gives the same weight to all shares irrespective of market cap.  
Capital outflow has continued by nervous retail investors for three sessions in a row. On Tuesday, net capital outflow amounted to 10.82 trillion rials ($48 million). 


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