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.
Trade by retail investors dropped 11% to reach 57.5 trillion rials ($212 million) and net capital outflow stood at 9.4 trillion rials ($34.8m).
About 6.51 billion shares worth 54.65 trillion rials ($202m) changed hands at TSE for the day.
Rouz Darou Pharmaceuticals Company was the biggest winner as its shares went up 4.87% to 36,200 rials per share.
Tehran Cement Company incurred the biggest loss among all TSE-listed companies and went down 4.94% to 24,610 rials per share.
Mobarakeh Steel Company contributed the most to the benchmark's fall, followed by Tamin Petroleum and Petrochemical Investment Company, Parsian Oil and Gas Development Group Company and National Iranian Copper Industries Company.
Social Security Investment Company gave the biggest boost to the benchmark index followed by Persian Gulf Fajr Energy Company, Fanavaran Petrochemical Company and Mobin Energy Persian Gulf Company.
IFB Gives Up 1.65%
Iran Fara Bourse main index, IFX, lost 351.23 points or 1.65% to close Saturday trade at 20,980.
About 3.25 billion securities valued at 198.73 trillion rials ($736 m) were traded at the junior exchange for the day.
Day Bank had the highest number of traded shares as 767.4 million of its shares worth 800.88 billion rials ($2.96 million) were traded.
Arya Sasol Polymer Company, Pasargad Insurance Company, Zagros Petrochemical Company and Sirjan Jahan Steel Complex had the most negative impact on IFX.
Pasargad Oil Company gave the biggest boost to IFX, followed by Alborz Distribution Company, Kimyagaran Emrooz Chemical Industries Company and Ghasem Iran Company.
