The main index of Tehran Stock Exchange, TEDPIX, lost 43,682 points, or 3.13%, posting the biggest loss in the last three weeks. TEDPIX plunged deeper below 1.4 million points to 1,354,114, the lowest since Nov.25.
Sell-off swept through all share categories, pushing down the equal-weighted index of TSE by 1.84%. The index gives the same weight to all shares irrespective of their market caps.
Only 21% of shares rose representing 106 ticker symbols out of a nearly 500 active tickers. With many sell orders unprocessed, trade value declined by 38.6% to reach 170.97 trillion rials ($680 million) at both the TSE and the junior equity market Iran Fara Bourse.
Saturday also featured highest capital outflow in the past 12 sessions with 17.83 trillion rials ($68 million) in net capital outflow by retail investors, according to eghtesadnews.
TSE Trade
About 6.52 billion shares valued at 86.52 trillion rials ($332.76 m) changed hands at TSE for the day.
Trading at TSE and the junior equity market Iran Fara Bourse starts on Saturday and ends Wednesday.
Fars Cement Company was the biggest winner as its shares went up 5% to 132,930 rials per share.
Iran Automobile Parts Industrial Group Company incurred the biggest loss among all TSE-listed companies and went down 5% to 3,610 rials per share.
National Iranian Copper Industries Company contributed the most to the benchmark's fall, followed by Mobarakeh Steel Company, Persian Gulf Petrochemical Industries Company and Social Security Investment Company.
Barakat Pharmaceutical Group Company gave the biggest boost to the benchmark index followed by Iran Zinc Mines Development Company, Damavand Mining Company and Post Bank Iran.
IFX Down 2.55%
Iran Fara Bourse main index, IFX, lost 503.63 points or 2.55% to close Saturday trade at 19,222.83. About 2.29 billion securities valued at 84.36 trillion rials ($324.48m) were traded at the junior exchange for the day.
Gohar Zamin Iron Ore Company, Middle East Mines and Mineral Industries Development Holding Company, Zagros Petrochemical Company and Minoo Industrial Group Company had the most negative impact on IFX.
Melal Credit Institution gave the biggest boost to IFX, followed by Daroupakhsh Distribution, Arya Sasol Polymer Company and Asia Seir Aras Company.