Stocks Resume Decline

After a short-lived rally Tehran stocks on Tuesday resumed a declining trend that has been in place for ten days amid a fresh wave of panic selling.
The main index of Tehran Stock Exchange, TEDPIX, shed 36,553.86 points and lost a further 2.56%, giving away the psychological support level of 1.4 million points to finish trade at 1,391,219.
Net capital outflow by retail investors continued for five sessions in a row, reaching 12.46 trillion rials ($46 million) on Tuesday, four times higher than the session before. This put total liquidity outflow in the past five sessions at 32.9 trillion rials ($121m) in the past session.