Tehran Stocks Slide as Punters Scramble

After five consecutive rallies, Tehran Stock Exchange declined on Monday as jittery investors forayed to sell shares in a bid to save gains piled up through a long spree of bullish market.  
The main gauge of TSE shed more than 3,000 points of its earlier gains sending the TEDPIX 1% lower for the day. 
Market analysts tended to ascribe the new trend largely to the emotional behavior and “blind imitation “of novice investors rather than fundamental factors. 
Disheartened by poor returns on gold, foreign currency, auto and house markets, investors with little financial vision have turned to capital market as a safe haven to protect their assets in the past few months.