Tehran Stocks Close 1% Lower

A correction phase that started Sunday deepened on Tuesday as sell-side pressure mounted across a broad range of small and large caps.
The benchmark of Tehran Stock Exchange, TEDPIX, shed 15,397.15 points or 1% to end trade at 1,523,086. Bigger losses were logged for blue chips as indicated in the 1.53% decline in TSE-30 Index, which tracks the performance of top 30 companies in terms of marker cap.
Sell-off also swept through penny stocks dragging down the TSE’s equal-weighted index by 0.9%.  
Prices of 345 tickers declined on Tuesday, accounting for 71% of the total active tickers. Market data indicate net capital outflow by retail investors worth 2.7 trillion rials ($10 million).