Business And Markets

Stock Rally Loses Momentum

Stock Rally Loses Momentum
Stock Rally Loses Momentum

Tehran stocks eked out modest gains on Sunday after a strong rally a session earlier as sell-side pressure mounted on shares in the final moments of trade.
The main index of Tehran Stock Exchange, TEDPIX, closed 0.65% higher, gaining 8,780.70 points to end trading at 1,360,281. The benchmark had gained more than 2.6% amid high demand of blue chips.
Daily gains for equal-weighted index were lower at 0.3%, indicating that small caps lagged behind.
Despite positive net capital inflow by retail investors, injection of fresh money by retail traders declined sharply compared to the session earlier. Net capital inflow was 450 billion rials --  down 85% on the previous session.


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