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Tehran Stock Exchange drops 647 points

Business Materials 11 May 2016 17:03 (UTC +04:00)

Tehran, Iran, May 11

By Mehdi Sepahvand - Trend:

The Tehran Stock Exchange (TSE) index has dropped 647 points to reach 75,982.

For the day, 1,471,000,000 shares worth 9,480,000,000,000 rials ($312.3 million for each dollar at 30,339 rials) were dealt in 83,000 transactions, Trend's correspondent reported May 11.

The most negative impact was laid on the market by the automotive industry.

The weight-value index dropped by 244 units, fixed-weight general by 114, fixed-weight price by 95, free-floating by 819, first market by 529, and second market by 960.

The OTC (over the counter) also fell by 8.8 points to reach 749, where 281 million bonds worth 2.1 trillion rials were dealt.

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