Stocks took a fresh drubbing on Monday amid uninterrupted capital outflow and uncertainly among retail investors.
The benchmark of Tehran Stock Exchange, TEDPIX, lost 24,342.31 points or 1.66% to end trade at 1,439,416. This was the second biggest decline since the beginning of fiscal year in March.
The TSE’s equal-weighted index was down more than 2.2% in a renewed sign that small caps are facing bad times.
The market recorded 28 straight sessions of net capital outflow by retail traders on Monday -- 5.8 trillion rials ($18.7 million). Except for refinery shares, all other stock categories experienced capital outflow.
This was accompanied by fresh decline in retail trade, which fell 10% for the day to reach 26.2 trillion rials ($84.5m).
A total of 7.3 billion shares valued at 45.6 trillion rials ($147 m) changed hands at the TSE on Monday.
Abidi Pharmaceutical Company was the main winner as its shares went up 4.83% to 27,780 rials per share.
Islamic Republic of Iran Shipping Lines Company incurred the biggest loss among all TSE-listed companies giving up 7.57% to 21,110 rials per share.
Mobarakeh Steel Company contributed the most to the benchmark's fall, followed by Bandar Abbas Oil Refining Company, Mines and Metals Development Investment Company and Social Security Investment Company.
Abidi Pharmaceutical Company gave the biggest boost to the benchmark index, followed by Darou Pakhsh Pharmaceutical Company, Pars Electric Manufacturing Company and Kurdistan Cement Company.
IFX Down 1.6%
Iran Fara Bourse main index, IFX, lost 306.9 points or 1.6% to close Monday trade at the 18,874. About 3.61 billion shares and securities were traded at the junior equities exchange for the day.
Arya Sasol Polymer Company, Zagros Petrochemical Company, Lavan Oil Refining Company and Shahid Tondgooyan Petrochemical Company had the most negative impact on IFX.
Rayan Ham-Afza Company gave the biggest boost to IFX, followed by Iranian Zinc and Lead Production Development Company, Zangan Zinc Industry Company and Arfa Iron and Steel Company.
