Stock Investors Turn Bearish

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.