Tehran stocks post new losses

Financial Tribune – Trading in the Tehran Stock Exchange tumbled on Sunday as the negative psychological climate created by political developments continued to batter investor sentiment.

The bearish trends that started in the middle of last week, deepened Sunday with the main index of TSE, TEDPIX, shedding more than 5,000 points.

Hit by the massive selloff, the price of almost 90% of TSE stocks fell in mid-day trading, Donyaye Bourse reported.

In the absence of buying, the selloff pressure on banks and auto stocks extended to a wide-range of other stocks in the early hours of the trading day.