Tehran stocks retreated at the beginning of trading week on Saturday amid a meaningful increase in capital outflow by retail investors.
Toiling near the psychological 1.4 million points in the past two sessions, the benchmark of Tehran Stock Exchange, TEDPIX, failed to break past the critical level and shed 18,416.57 points, falling 1.32% to end trade at 1,378,895.
Net capital outflow by retail investors was 4.37 trillion rials ($15 million), soaring 238% compared with the earlier session.
Value of retail trade reached 31 trillion rials ($106m) down 24% on the session before. Retail investors accounted for 55% of the total trade.
At the close of the session, 98 tickers ended in positive territory while 392 were in the red zone accounting for almost 80% of the total tickers.
About 6.2 billion shares valued at 36.91 trillion rials ($131.8m) changed hands at TSE on Saturday.
Trading at TSE and junior equity exchange Iran Fara Bourse starts on Saturday and ends Wednesday.
Chemi Darou Industrial Company was the biggest winner as its shares went up 4.97% to 19,010 rials per share.
Iran Radiator Industrial Group Company incurred the biggest loss among all TSE-listed companies and went down 4.98% to 12,030 rials per share.
Mobarakeh Steel Company contributed the most to the benchmark's fall, followed by Persian Gulf Petrochemical Industries Company, Pardis Petrochemical Company and Nouri Petrochemical Company.
Barakat Pharmaceuticals Group Company gave the biggest boost to the benchmark index followed by Iran Mercantile Exchange, Omid Investment Management Group Company and Piranshahr Food Products and Sugar Company.
IFB Down 0.9%
Iran Fara Bourse main index, IFX, lost 173 points or 0.92% to close Saturday trade at 18,662. About 2.18 billion securities valued at 27.27 trillion rials ($97.4m) were traded at the junior exchange for the day.
Arya Sasol Polymer Company, Pasargad Insurance Company, Zagros Petrochemical Company and Minoo Industrial Group Company had the most negative impact on IFX.
Sirjan Jahan Steel Complex gave the biggest boost to IFX, followed by Iranian Reinsurance Company, Chaharmahal Food Products and Sugar Company and Behpak Industrial Company.
