Sell-side pressure again hit the Tehran stock market on Saturday paring much of the gains in the previous session.
The main index of Tehran Stock Exchange, TEDPIX, lost 4,941.46 points or 0.37% for the day to end trade at 1,344,447.
With uncertainty looming large, trade value dropped as nervous investors wait and watch. Retail trade dropped 7% to reach 30.7 trillion rials ($105 million), accounting for 61% of the total trade.
About 5.99 billion shares worth 30.82 trillion rials ($110m) changed hands at TSE for the day.
Trading at TSE and junior Iran Fara Bourse starts on Saturday and ends Wednesday.
AzarAb Industries Company was the biggest winner as its shares went up 4.89% to 901 rials per share.
Gharb Cement Industries Company incurred the biggest loss among all TSE-listed companies losing 4.74% to 14,660 rials per share.
Golgohar Mining and Industrial Company contributed the most to the benchmark's fall, followed by Fanavaran Petrochemical Company, Mobarakeh Steel Company and Iran Khodro Company.
Chadormalu Mining And Industrial Company gave the biggest boost to the benchmark index followed by Persian Gulf Petrochemical Industries Company, Iran Mercantile Exchange and Kerman Province Saham Edalat Investment Company.
IFB Dips 0.3%
Iran Fara Bourse main index IFX lost 55.12 points or 0.29% to close Saturday trade at 19,121.74.
About 1.92 billion securities valued at 35.46 trillion rials ($126m) were traded at the junior exchange for the day.
Arya Sasol Polymer Company, Iran Fara Bourse, Saba Tamin Investment Company and Esfahan Steel Company had the most negative impact on IFX.
Zagros Petrochemical Company gave the biggest boost to IFX, followed by Iran Cultural Heritage and Tourism Investment Group Company, Rail Pardaz Noafarin Company and Behpak Industrial Company.
