Business And Markets
0

Tehran Share Market Gives Up 3% in 1 Week

Tehran Share Market Gives Up 3% in 1 Week
Tehran Share Market Gives Up 3% in 1 Week

While Tehran stocks closed most trading sessions last week uneventful, the benchmark of Tehran Stock Exchange, TEDPIX, lost almost 3% in the week. 
The TEDPIX shed 43,000 points to stand at 1,393,960 points as of Wednesday, the last day of trade in the Iranian week.  
TSE’s equal-weighted index suffered a bigger loss and lost 5% as majority of small stocks grapple with the pattern of panic selling, the Persian-language economic website Eqtesad News said. 
Trade value of retail investors was 41 trillion rials ($150 million) in the week, indicating 22% decline compared to the 52.84 trillion rials ($195m) a week before. 
As the bear market lingered, liquidity continued to flow out the market throughout the week. Net capital outflow by retail investors amounted to 19.2 trillion rials ($71m) last week indicating that 4.8 trillion rials in retail money left the market on average per day 95% higher than the preceding week. 
According to Eqtesad News, at least a segment of the liquidity outflow poured into fixed income funds as the bear run in the stock market renders investment in funds more attractive. 
 

Add new comment

Read our comment policy before posting your viewpoints

Financialtribune.com