Tehran Bourse Retail Turnover Hit a Record 65 Trillion Tomans on Sunday; the Same Day Saw a 6.9 Trillion Toman Retail Outflow

Tehran's bourse set an all time trading record on Sunday, but retail money rushed for the exits. On August ninth, Tehran's stock exchange booked a fresh record in retail trading value. Retail trading value today topped sixty five and a half trillion tomans, an unprecedented record. TEDPIX still rose zero point seven two percent and closed near five point five six million points. The equal weight index edged higher too, but about half of all symbols closed lower today. The previous retail turnover record was thirty one trillion tomans; it more than doubled in under three weeks. For five straight sessions, retail money was a net buyer; today that pattern reversed for the first time. Buy queues that had been locked for days finally opened, and that pushed trading volume higher. Today the bourse had two faces: record participation on one side, a retail money exit on the other. Donya e Eqtesad wrote that tomorrow's session cannot be called with confidence either way. TEDPIX was positive across most sessions this week and set several records in a row. Tomorrow's session will show if this outflow was one day of profit taking or a bigger trend. Today's takeaway is this: the index rose on record volume, much of it money leaving, not arriving. For the full story, visit Sahmino dot com; do you think this outflow keeps going, or was it a one day event?