Business And Markets

Share Market Extends Losses

Share Market Extends Losses
Share Market Extends Losses

Tehran stocks extended a losing streak that started last Monday into the fifth session on Sunday as share offers by nervous investors far outweighed demand. 
The main index of Tehran Stock Exchange, TEDPIX, shed 10,102 points, or 0.82% to retreat to 1,222,614 points. 
Sell-off in majority of ticker symbols pulled down the equal-weighted index by 0.26%. Unlike the market cap-weighted index, the TSE's equal-weighted index gives the same weight to all shares irrespective of their market cap. 
A total of 391 tickers posted price decline accounting for 92% of the total, according to the Persian-language economic website Eghtesad News.


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