Stocks Log 2.5% Weekly Loss

Tehran’s share market recorded its worst weekly performance since mid-June last week as the benchmark of Tehran Stock Exchange, TEDPIX, hovered near 1.5 million points.
The market-cap weighted TEDPIX lost 37,000 points during the week and declined 2.5% to settle at 1, 488,000 points. It reached as high as 1.53 million points and as low as 1.475 million points in the week, according to Eqtesad News economic website.
Unlike the pattern in previous weeks, small caps incurred bigger losses last week as indicated by a 3.5% weekly decline in the TSE’s equal-weighted index. The index better reflects the performance of penny stocks and small listed companies.