Stocks Continue to Fall in Iran

Tehran stocks closed on Monday in negative territory as unrelenting sell-off continued to pull down prices amid lack of  demand.
Extending seven sessions of the losing streak, the main index of Tehran Stock Exchange, TEDPIX, lost 12,189 points or 1.1% to end trade at 1,095,726.
TSE’s equal-weighted index was down 1.3%. The index gives the same weight to all stocks irrespective of their market cap.
Bank stocks were the biggest losers of the day with Bank Mellat taking the lead. Its shares dropped more than 20% after the bank was allowed to offer shares without observing the regular daily price spread of ±5%.