Tehran stocks closed trading week on Wednesday under unabating pressure from sellers and extended the losing streak into the third session.
The main gauge of Tehran Stock Exchange, TEDPIX, lost 17,007.53 points and dived 1.25% for the day retreating to 1,340,120 points.
Retail trade declined by another massive 9% to reach 32.08 trillion rials ($110 million) -- the biggest fall in six months. Retail deals accounted for almost 64% of the total trade on Wednesday.
The pattern of decline in retail trade indicate investors prefer to err on the side of caution in the market that has seen more than its share of volatility.
About 4.35 billion shares worth 31.3 trillion rials ($115.9 million) changed hands at theTSE on Wednesday.
Iran Darou Pharmaceuticals Company was the biggest winner as its shares went up 5% to 21,630 rials per share.
Leasing Iran Company incurred the biggest loss among all TSE-listed companies and went down 8.37% to 2,353 rials per share.
Persian Gulf Petrochemical Industries Company contributed the most to the benchmark's fall, followed by Pardis Petrochemical Company, Golgohar Mining and Industrial Company and Social Security Investment Company.
Pars Oil Company gave the biggest boost to the benchmark index followed by Tejarat Bank, Darou Pakhsh Holding Company and Fanavaran Petrochemical Company.
IFX Down 1.1%
Iran Fara Bourse main index, IFX, lost 224.61 points or 1.15% to close Wednesday trade at 19,235. About 1.73 billion securities valued at 20.4 trillion rials ($75.5m) were traded at the junior exchange for the day.
Zagros Petrochemical Company, Arya Sasol Polymer Company, Gohar Zamin Iron Ore Company and Esfahan Steel Company had the most negative impact on IFX.
Minoo Industrial Group Company gave the biggest boost to IFX, followed by Sirjan Jahan Steel Complex, Ghaed Basir Petrochemical Company and Pasargad Insurance Company.
