Stocks Stutter Against Bonds in Tehran

Tehran stocks’ attraction is further dissipating, as the debt and foreign exchange markets take centre-stage and new political risks sour equity traders’ sentiment. 
All eyes are now set on the next fiscal year (starting March 21) to inject new blood into equities on the back of a further devaluing currency.
TSE’s main index TEDPIX shed 1,334 points or 1.4% during the week that ended on March 14 to close at 95,525.9. The index had dropped about 1.1% during the week before last, wiping a large part of its gains in the past month.
Fluctuations were less pronounced at the smaller over-the-counter exchange market Iran Fara Bourse. Its benchmark index IFX added 0.2 points or 0.04% last week to stand at 1,080.6.