Business And Markets

Tehran Shares in a Sea of Red

Despite the historical decline in stock prices, the SEO head denied rumors of his removal. He assured investors of government support for the capital market saying that price fluctuations are part and parcel of the market
Tehran Shares in a Sea of Red
Tehran Shares in a Sea of Red

Tehran Stock Exchange's main index, TEDPIX, lost 125,758.90 points or 5.15% on Monday to end at 2,314,408.37. The TSE equal-weighted index fell 4.40%.
About 14.4 billion shares worth 115.24 trillion rials ($256.1 million) changed hands for the day. Trading at TSE and over-the-counter Iran Fara Bourse starts on Saturday and ends Wednesday.
Melli Industrial Group Company led the winner’s list as its shares jumped 5% to 197,780 rials per share. Seamorgh Company was the big loser among all TSE-listed companies plunging 7% to 32,950 rials per share.


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