Tehran Stock Exchange index drops by 129,000 units

The Tehran Stock Exchange experienced a significant decline on the first trading day of Aban, with the main index falling by 129,013 units, a 1.58% decrease, to settle at 8,004,629. The equal-weighted index also declined by 19,245 units, or 0.85%, reaching 2,236,408.

Major industrial symbols, including Fmeli, Fars, and Foolad, were primary drivers of the downward trend. Specifically, Fmeli had the largest negative impact on the index with a reduction of 37,779 units. The mining and metal sectors faced heavy selling pressure, with approximately 2.8 trillion tomans of real money exiting these specific symbols.

Overall market liquidity saw a substantial outflow, with real money exiting the equity market by over 8,000 billion tomans. In the Farabourse market, the main index dropped by 413 units, or 0.61%, to 67,030. The day was characterized by high selling pressure, with 354 symbols in the selling queue compared to 167 in the buying queue.