Business And Markets

TEDPIX Logs 2% Weekly Decline  

TEDPIX Logs 2% Weekly Decline  
TEDPIX Logs 2% Weekly Decline  

Grappling with deep recession and liquidity crunch, Tehran’s share market notched another weekly loss in the last trading week. 
The main losers were blue chips comprising large caps and commodity stocks seen in the 2% decline in the main index of the Tehran Stock Exchange, TEDPIX. 
The TSE market cap-weighted benchmark shed 26,538 points during the week to retreat to 1,412,856. 
Small caps and penny stocks fared comparatively better with smaller losses. The TSE’s equal-weighted index was down 0.4% during the week. 
Net capital outflow by retail investors jumped 37% on week before amounting to 9.65 trillion rials ($32 million) in five trading session. 
The pattern of capital outflow is raising alarm signs about the liquidity crunch in the share market due to the increasing aversion of retail traders to put money in the share market. 
Retail trade dropped 16% compared to the week before, falling from an average 32.44 trillion rials ($108m) per day to 27.26 trillion rials ($90.8 m) daily in the previous week. 
In light of mounting uncertainty, retail investors taken a back seat and have been unwilling to trade in recent weeks with institutional investors taking a more active role to try and bolster the market.     
Persistent decline in value of retail trade is seen as a bad omen for the bourse and experts say if the bourse is to pick up retail investors should take a more active role. 

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