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Iran's stock market keeps dropping since New Solar Year

Iran Materials 3 April 2012 17:01 (UTC +04:00)

Azerbaijan, Baku, April 3 /Trend M. Moezzi

In the seven days it has operated in Iran's New Year(started on March 20), the stock market has experienced its third negative day on the stock index, Fars news agency reports.

Today, shares of most large companies on Iran's stock exchange dropped 4 percent and the index closed 157 points down.

The negative psychological climate, lack of support from financial institutions and the confusion caused by stock market players after the holidays are some of the reasons for the stocks drops.

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