Reuters - Iran�s main stock index fell below one million points Saturday, a week after topping that mark, state affiliated media reported.
The Tehran Stock Exchange�s benchmark TEDPIX index lost 30,000 points in early trading on Saturday, falling to 989,000 points.
The stock exchange rose above the 1 million mark for the first time last Saturday amid warnings that the market was overheating.
Analysts said the booming stock market was at odds with Iran�s economic fundamentals, which are deteriorating under the weight of sanctions and the coronavirus outbreak, raising the risk of a stock market bubble. (Reporting by Dubai Newsroom. Editing by Gerry Doyle)