Tehran share market dived deeper on Sunday amid mounting selloff pressure and retail investors’ rushing to exits.
The main gauge of Tehran Stock Exchange, TEDPIX, shed 18,955.07 points or 1.25% to end trading at 1,501,340.
Sell-side pressure was higher on commodity shares in light of the weaker dollar in the domestic currency market, which usually negatively impacts the performance of commodities and export-based stocks.
The TSE-30 Index was down 1.6%. This index tracks the performance of top 30 listed companies in terms of market cap.
Capital continued to flee the market for the ninth session in a row. Net capital outflow by retail investors amounted to 5.3 trillion rials on Sunday, the highest in the past six trading sessions.
Retail trade fell 6% on the session before to reach 38.83 trillion rials.
At the close of session, 139 tickers gained while 508 others were in the red, representing close to 80% of traded stocks.
About 7.09 billion shares valued at 44.02 trillion rials changed hands at TSE for the day.
Iran Tractor Manufacturing Company was the big winner as its shares went up 5.84% to 18,490 rials per share.
Iran Combine Manufacturing Company incurred the biggest loss among all TSE-listed companies and went down 5.69% to 5,300 rials per share.
National Iranian Copper Industries Company contributed the most to the benchmark's fall, followed by Mobarakeh Steel Company, Mellat Bank and Social Security Investment Company.
Saipa Investment Group Company gave the biggest boost to the benchmark index, followed by Iran Chemical Industries Investment Company, Shazand Petrochemical Company and Iran Tractor Manufacturing Company.
IFX Down 1.1%
Iran Fara Bourse main index, IFX, lost 237.11 points or 1.15% to close Sunday trade at 20,347.
About 2.96 billion shares and securities valued at 36 trillion rials were traded at the junior equities exchange for the day.
Zagros Petrochemical Company, Pasargad Insurance Company, Gohar Zamin Iron Ore Company and Hormozgan Steel Company had the most negative impact on IFX.
Saroj Bushehr International Company gave the biggest boost to IFX, followed by Taliseh Nemooneh Dairy Farm Company, Ghiam Isfahan Agricultural and Livestock Company and Khorramdareh Plain Agriculture and Industry Complex.
