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Tehran Stock Exchanges Main Index Plunges 4 Percent (08 October 2018)

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. 

Source: Financial Tribune  - Date: (08 October 2018)


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