TEDPIX Extends Four-Day Losing Streak

Tehran stocks opened trading week on Saturday under the relentless sell side pressure in a majority of shares, amid mounting capital outflow from the struggling market. 
Extending the long streak of losses, the main gauge of Tehran Stock Exchange, TEDPIX, shed 37,665 points and lost 3.2%, plunging deeper to 1,135,345 points. TSE has lost 115,000 points in four sessions of consecutive losses. 
The equal-weighted index was down 1.7% and the TSE-30 Index dropped 4.12% to show that the large caps were hit harder by the selloff. 
The former index gives the same weight to all shares, irrespective of their market cap while the latter tracks the performance of only top 30 TSE-listed companies in terms of market capitalization.