Business And Markets

TEDPIX Logs 0.64% Weekly Decline

TEDPIX Logs 0.64% Weekly Decline
TEDPIX Logs 0.64% Weekly Decline

Tehran’s share market suffered another weekly loss in the last trading session on Wednesday. 
Tehran Stock Exchange main index, TEDPIX, lost 8,677 points or 0.64% during the week to end at 1,346,564.
Trading at TSE starts on Saturday and ends Wednesday.
About 15.2 billion shares valued at 117.48 trillion rials ($371 million) changed hands at TSE during the week.
The TSE’s equal-weighted index was also down 0.8% during the week. Net capital outflow by retail investors jumped 7% on the week before amounting to 7 trillion rials ($22.08 million) in three trading sessions. 
Capital outflows have raised 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 again saw ups and downs in the week. The week started with total retail trade reaching 25.5 trillion rials ($80.4m) from 21.3 trillion rials ($67.2m) last Wednesday. However, it declined in the next two sessions to finish at 20.7 trillion rials ($65.3m).
In light of mounting uncertainty, retail investors have taken a back seat and are apparently unwilling to trade 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 rise to the occasion.

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