The Iranian stock market extended its losing streak for the fourth consecutive working day on Monday, as indices fell and capital outflows persisted.
The total index dropped by 1,225 points, while the balanced index declined by 952 points.
By the end of the trading day, approximately 610 billion Tomans ($10.1 million) of real money had been withdrawn from the stock market.
Fixed-income funds reported losses exceeding 80 billion Tomans ($1.3 million) in real money.
The market's downturn can be traced back to last week, following the assassination of Ismail Haniyeh in Tehran.
Despite the implementation of a fluctuation range limit on Sunday's transactions, which slowed the decline, the total stock index still fell to the 2 million unit mark.
Monday saw continued, albeit slower, declines across the board.
The persistent downward trend has raised questions among economic experts and market activists about the stock exchange authorities' handling of the situation.
Interested in writing for IranWire?
Share your stories.
comments