Tehran Stock Exchange's Main Index Plunges 4%

Financial Tribune- The rout in Tehran stock markets continued on Monday as risk-averse investors reacted to rumors surrounding Iran's accession to the UN Terrorism Financing Convention in early trade with the safe-haven dollar’s decline hurting sentiment and dragging down the broader market.

Tehran Stock Exchange led the decline, with the benchmark TEDPIX ending the day down 4.16% or 7,665.83 points, at 176,419.4 – taking the market below the 180,000 support level. Over-the-counter Fara Bourse’s main index IFX lost 88.84 points or 4.21% to close Sunday trade at 2,020.33.

 

Date : Monday 8 October 2018 / Subject : Stock News / Source : Financial Tribune