Business And Markets

Tehran Stocks Sink

Tehran Stocks Sink
Tehran Stocks Sink

Tehran’s share market tumbled on Monday moving further away from recent highs amid mounting selloff pressure and massive capital outflow. 
The benchmark of Tehran Stock Exchange, TEDPIX, shed 25,011 points and lost 1.58%, the biggest daily decline in five week and ended the session at 1,557,210.
The TSE’s equal-weighted index was down almost 2%, indicating higher sell-side pressure on penny stocks. 
With retail stockholders rushing to sell, retail trade rose 33%  to reach 71.62 trillion rials ($238 million) on Monday.  


Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Add new comment