Share Market on Thin Ice

The main indicator of Tehran Stock Exchange retreated to 1.2 million points on Tuesday after two consecutive sessions of heavy losses.
The TSE benchmark, TEDPIX, lost 28,238.65 points or 2.3% for the day, despite institutional traders' efforts to boost demand.
Tehran's share market has entered a sideways phase after solid gains in the first few months of the current year that ends in March with the TEDPIX vacillating between 1.2 million to 1.5 million points in four months.