Stock Market Declines for the Second Consecutive Week

Last week, the stock market faced continued selling pressure, resulting in a decline in major indices and a significant outflow of funds from individual investors; a trend that ultimately led to the loss of the 8 million unit threshold of the overall index. The main index of the Tehran Stock Exchange lost this threshold on Tuesday, ending the week’s trading at 7,967,000 units. Thus, the overall index decreased for the second consecutive week, losing 2.5% of its value on a weekly scale. The equal-weighted index and the overall index of the OTC market also entered a downward trend after four consecutive weeks of growth. Meanwhile, the average daily value of small transactions remained around 44 trillion rials, but an outflow of about 15 trillion rials by individual investors indicated that the high level of transaction value could not prevent the intensification of selling pressure. Despite this retreat, the overall index's return since the beginning of the year remains at 114%, and the equal-weighted index's return is at 132%; figures that show the recent decline has not yet erased the market's accumulated returns for this year.