Share Market Unresponsive to Gov’t Support Measures

More than two weeks after the government ratified measures to try and lift the crippled stock market, nervous investors continue to withdraw money from the bourse fearing more losses lie ahead.
Despite hopes that the support measures could improve sentiment and push demand growth, Tehran stocks registered one of the biggest declines in the past five months at the beginning of the trading week on Saturday.  
The main benchmark of Tehran Stock Exchange, TEDPIX, shed more than 26,680 points to fall 2.31%, closing the session at 1,128,164 million -- the highest daily decline this fiscal year (started March 21).
Saturday also saw the highest net capital outflow by retail investors with nearly 10 trillion rials ($45 million) flowing out, up 70% compared with the previous session and the highest since Feb. 2.