Stocks Log 3 Straight Weekly Losses

Tehran stocks ended trading week bearish extending the spate of losses into the third week as sell-side pressure reused to abate and capital outflow continued.
The benchmark of Tehran Stock Exchange, TEDPIX, shed more than 54,000 points and lost close to 3.9% in the week to settle at 1,340,017.
Likewise, the equal-weighted index lost close to 3.9%, indicating that both large and small caps have lost luster.