Business And Markets

TSE Plunges 4% in 1 Week

TSE Plunges 4% in 1 Week
TSE Plunges 4% in 1 Week

Tehran stocks left behind a bearish trend in the last trading week that ended on Wednesday with capital flowing out thanks to retail traders rushing for the exits.
The benchmark of Tehran Stock Exchange, TEDPIX, lost the psychological 1.3million level in the middle of the week to close at 1,293,237 points. The benchmark lost 4.2% or 56,000 points.
The TSE’s equal-weighted index, too, shed close to 4.2% in the week. Unlike the market cap-weighted TEDPIX, the latter index gives the same weight to all stocks.


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