Business And Markets

Stocks Open Week 1.5% Lower

Stocks Open Week 1.5% Lower
Stocks Open Week 1.5% Lower

Tehran stocks opened the week on Saturday under renewed sell-side pressure in almost all categories, bucking a rising trend that lasted for eight sessions in a row.
The benchmark of Tehran Stock Exchange, TEDPIX, shed 22,233 points and lost 1.5%, retreating to 1,466,031 as nervous panic selling picked up in the middle of the day.
TSE-30 Index lost 1.9% and the TSE’s equal-weighted index dropped nearly 1.6%, indicating that both small and large cap stocks slumped.
The former index tracks the performance of top 30 companies in terms of market cap and the latter gives the same weight to all shares irrespective of their size.


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