After a bull-run week, Tehran stocks trimmed some of the previous gains on Sunday amid a fresh wave of panic selling by retail investors.
The benchmark of Tehran Stock Exchange, TEDPIX, shed 22,361.52 points or 1.71%, losing the psychological 1.3 million points to end trade at 1,282,049. During four consecutive rallies a week before, the TEDPIX had gained 5.8%.
Fearing further slide in share prices in the sideways market and eager to save gains, retail investors again rushed for the exits recording the biggest net capital outflow in five months.
Net capital outflow by retail investors amounted to 14.09 trillion rials ($52 million) on Sunday, four times the amount a session before.
There was a noticeable bid by institutional buyers to boost demand for major tickers to shore up the benchmark.
At the close of the session 54 tickers were in the positive zone while 438 others ended in the red, accounting for 87% of the total tickers.
About 6.73 billion shares valued at 41.4 trillion rials ($147.8 million) changed hands at the TSE on Sunday.
Iran Merinos Manufacturing Company was the biggest winner as its shares went up 4.99% to 67,380 rials per share.
Iran Glass Wool Company incurred the biggest loss among all TSE-listed companies and went down 5% to 8,170 rials per share.
Parsian Oil and Gas Development Group Company contributed the most to the benchmark's fall, followed by Mobarakeh Steel Company, Ghadir Investment Company and Bandar Abbas Oil Refining Company.
The Civil Pension Fund Investment Company gave the biggest boost to the benchmark index followed by Parsian Bank, Padideh Shimi Gharn Company and Informatics Services Corporation.
IFB Plunges 1.4%
Iran Fara Bourse main index, IFX, lost 247.51 points or 1.4% to close Sunday trade at 17,376. About 3.47 billion shares and securities worth 75.97 trillion rials ($271.3m) were traded at the junior exchange for the day.
Arya Sasol Polymer Company, Zagros Petrochemical Company, Shahid Tondgooyan Petrochemical Company and Lavan Oil Refining Company had the most negative impact on IFX.
Pasargad Insurance Company gave the biggest boost to IFX, followed by Negin Software Systems Development Company, MAPNA Asaluyeh Power Generation Company and Tabas Parvardeh Coal Company.
