Tehran stocks ended lower Tuesday amid persistent capital outflow by retail investors and a steep decline in value of deals.
The benchmark of Tehran Stock Exchange, TEDPIX, lost 7,615.55 points or 0.49% to end at 1,539,632.
The TSE’s equal-weighted index lost more than 0.7%, indicating higher selling pressure on small stocks.
Retail trade plunged 20% on the session before to reach 36.74 trillion rials ($118 million).
Capital moved out the market for the sixth straight session with net capital outflow reaching 4.17 trillion rials ($13.5 million) on Tuesday.
About 74% of traded stocks ended in negative territory comprising 476 tickers.
About 5.58 billion shares valued at 35.48 trillion rials ($114 m) changed hands at TSE for the day.
Motogen Company was the main winner as its shares went up 5.54% to 3,106 rials per share.
Charkheshgar Company incurred the biggest loss among all TSE-listed companies and went down 5.96% to 19,740 rials per share.
National Iranian Copper Industries Company contributed the most to the benchmark's fall, followed by Nouri Petrochemical Company, Mobarakeh Steel Company and Esfahan Oil Refining Company.
Islamic Republic of Iran Shipping Lines Company gave the biggest boost to the benchmark index, followed by Bouali Sina Petrochemical Company, Sepid Farab Kavir Steel manufacturing Company and Motogen Company.
IFX Down 0.7%
Iran Fara Bourse main index, IFX, lost 152.76 points or 0.73% to close Tuesday trade at 20,833.36.
About 6.23 billion shares and securities valued at 65.94 trillion rials ($212m) were traded at the junior equities exchange.
Day Bank had the highest number of traded shares as 2.13 billion of its shares worth 1.89 trillion rials ($6.5m) were traded.
Shahid Tondgooyan Petrochemical Company, Zagros Petrochemical Company, Damavand Power Generation Company and Arya Sasol Polymer Company had the most negative impact on IFX.
Day Bank gave the biggest boost to IFX, followed by Kowsar Insurance Company, Pouya Zarkan Agh Darreh Company and Saba Tamin Investment Company.
