Tehran stocks failed to maintain the previous session rally on Tuesday as jittery investors again rushed to the exits with more than 5 trillion rials ($20 million) in capital outflow. The main index of Tehran Stock Exchange, TEDPIX, lost 25,388 points, or 1.77%, to end trading at 1,411,824.
Stocks were choppy as most tickers began trade in positive mode in the early hours only to succumb later to sell-side pressure in big listed companies.
The equal weighted index was also down 0.8%. The index gives the same weight to all shares irrespective of their market cap.
Tuesday's trade featured 20.5% growth in total trade value that reached 202.3 trillion rials ($808 million). Retail traders contributed to 176.2 trillion rials ($704m) of deals.
About 9.62 billion shares valued at 133.44 trillion rials ($513.23 m) changed hands at TSE for the day.
Iran Carbon Company was the biggest winner as its shares went up 5% to 103,580 rials per share.
National Iranian Copper Industries Company contributed the most to the benchmark's fall, followed by Social Security Investment Company, Persian Gulf Petrochemical Industries Company and Mobarakeh Steel Company.
Pakshoo Industrial Group Company gave the biggest boost to the benchmark index followed by Chadormalu Mining and Industrial Company.
IFX Down 0.54%
Iran Fara Bourse main index, IFX, lost 108.46 points or 0.54% to close Tuesday trade at 19,976.39. About 3.54 billion securities valued at 69.64 trillion rials ($267.84m) were traded at the junior exchange for the day.
Esfahan Steel Company, Shahid Tondgooyan Petrochemical Company, Marun Petrochemical Company and Saba Tamin Investment Company had the most negative impact on IFX.
Gohar Zamin Iron Ore Company gave the biggest boost to IFX, followed by Minoo Industrial Group Company, Kowsar Insurance Company and Iran Cultural Heritage and Tourism Investment Group Company.
