Tehran stocks sheds more than 33,000 points

Financial Tribune – Tehran Stocks opened in negative territory after a two-day Eid holiday, marking the end of the holy month of Ramadan, amid growing concern among investors that the bear market is here to stay.

The benchmark of Tehran Stock Exchange lost more than 33,707 points on Tuesday to stand at 926, 132 points to fall 3.5%, moving farther away from the key 1,000,000 level.

Value of trade in TSE and the junior equity market Iran Fara Bourse reached 130 trillion rials ($764 million) with shares in auto, bank, metal and refinery companies accounting for the majority of trade, according to Boursepress.ir.