Tehran Stock Exchange sheds 2,500 points

Financial Tribune – Tehran Stock Exchange main index TEDPEX slid 2,500.04 or 1.56% on Sunday to finish the session at 157,355.4.

The junior exchange Iran Fara Bourse was down 31.04 points or 1.6%. This is the second consecutive loss for the stock market since the beginning of the trading week on Saturday and the second heavy drop for the market in winter.

According to the website Donyaye Bourse, Sunday’s rout was felt across the board and except for three stocks, all categories were hit. Unlike the foreign exchange market which has benefited from news about the launch of Europe’s Special Purpose Vehicle known as INSTEX, stock investors have not shown any enthusiasm over the long-awaited trade mechanism.