TEDPIX Plummets 5.28% in a Week
EghtesadOnline: Tehran’s share market was hit by the biggest weekly loss since the beginning of the year in March as the bruising sell-off dragged on.
Tehran Stock Exchange main index, TEDPIX, lost nearly 69,000 points or 5.28% in the week to end at 1,241,067.09.
TEDPIX lost 25,993.75 points or 2.05% on Wednesday to record the second worst performance day since the beginning of the current fiscal year.
Trading at TSE starts on Saturday and ends Wednesday.
The TSE’s equal-weighted index was down 17,000 points or 4.58% during the week.
Iran Fara Bourse's main index, IFX, too lost 641 points or 3.6% in the week.
Net capital outflow by retail investors continued during the week amounting to nearly 16.7 trillion rials ($50.8 million) in five trading sessions.
Capital outflow by retail investors amounted to 7 trillion rials ($21.3m) on Wednesday, the highest daily outflow since the beginning of the year, Eghtesadnews reported.
Capital outflow has raised alarm about the liquidity crunch in the share market due to the increasing aversion of retail traders to put money in the share market.
Average trade experienced 11% increase during the week to reach 425.4 trillion rials. Average daily retail trade reached 23.96 trillion rials, 25% higher than previous week.