Tehran stock index down 3rd day in a row

The Tehran Stock Exchange main index (TEPIX) is experiencing its 3rd day of decline.

The main index at the end of the workday registered at 68,454 after a fall of 329 points, Mizan news agency reported April 13.

Since April 11 the main index has dropped 2228 points.

Petrochemical shares were hit the worst by the downfall in the third day.

A total of 1.206 million transactions worth 2.092 billion rials (28,220 rials making USD1) in 93 thousand shares were traded April 13.

Bandar Abbas Oil Refinery, Tamin Oil, Gas and Petrochemical, as well as Bank Mellat put the most negative impact on the market, whereas Isfahan Oil Refinery had the most positive impact of the day.

Also, the first market experienced a 300-point decline while the second market fell 278 points.

The OTC also dropped 2.60 to reach 747.

The stock index rose sharply after Tehran’s framework nuclear agreement with the group P5+1 (the US, UK, France, Russia, China, and Germany) on April 2. But began a sharp reversal on April 11.

In the Lausanne nuclear talks, Iran and the six powers agreed to reach a comprehensive deal by July 1, when all international sanctions on the country’s economy would be lifted.

/By Trend/