Trading was brought to a halt in stock exchanges in Isfahan and Tabriz on Monday as brokers initiated a strike against the downturn in Iran’s stock market.
The market has been in a decline, enduring a drop of over 5,600 points at the opening of Monday’s trading, with 90 percent of the market bathed in red and over 60 percent of stocks queued for sale.
The recent plunge echoes the crash of July 2020, where Tehran’s stock market plummeted by over 30 percent in a single week, obliterating the savings of countless small investors lured by government assurances of a secure market. Allegations persist that government entities had…
