The heavy fall in exchange rate which started on Tuesday morning, led to significant fall in Tehran Stock Exchange. The main index, TEDPIX, lost 3.8 percent on Tuesday and a further 1.8 percent on Wednesday.
While prices at Tehran Stock Exchange were rising for months, several experts had already warned that the growth pace is much higher than any fundamental analysis would suggest and this would create a bubble at the market.
It is not yet clear yet whether this fall will extend to the next week as well. More than 85% of listed companies closed the week with fallen prices.
Thanks to the initial rise during the first half of the week, TEDPIX registered a total 2.6 percent rise respect to a week ago, closing at 158,556 points.