Economy, Business And Markets

Tehran Stock Exchange's Main Index Plunges 4%

Another reason for Sunday's down market was said to be the unprofessional behavior of inexperienced investors who have flocked to the market in recent weeks in hopes of quick gains
Tehran Stock Exchange's Main Index Plunges 4%
Tehran Stock Exchange's Main Index Plunges 4%
While it was expected that the current week would mark the beginning of a fresh rally after a series of corrections, investor sentiment was dampened by political uncertainty and a stronger rial

The rout in Tehran stock markets continued on Monday as risk-averse investors reacted to rumors surrounding Iran's accession to the UN Terrorism Financing Convention in early trade with the safe-haven dollar’s decline hurting sentiment and dragging down the broader market. 

Tehran Stock Exchange led the decline, with the benchmark TEDPIX ending the day down 4.16% or 7,665.83 points, at 176,419.4 – taking the market below the 180,000 support level. Over-the-counter Fara Bourse’s main index IFX lost 88.84 points or 4.21% to close Sunday trade at 2,020.33. 


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