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Iranian investors attack Tehran Stock Exchange after heavy losses

Published: Updated:

Dozens of Iranian investors attacked the Tehran Stock Exchange after suffering heavy losses in recent days, Tasnim news agency has reported.

Iranian news agencies, which published pictures and videos of the attack on Saturday, said dozens of people broke the glass windows of the stock market, which is located on Hafiz street in downtown Tehran.

Stones and slogans were thrown against the government’s economic policies in general, and the stock market in particular.

The shareholders, most of them shareholders of the Sherkat Kontor Sazi company, raised banners inside the stock exchange with slogans against the stock exchange, according to a ISNA news agency report. The protesters accused the stock exchange of “not protecting information and money in the stock exchange”.

Meanwhile, Tasnim news agency said employees at Tehran’s Stock Exchange had twice called the capital’s Metropolitan Police emergency number before the attackers fled the scene.

Iran’s economy has been suffering for months from mismanagement and corruption, according to experts. So far, at least three banks and private financial institutions have announced bankruptcy, which led to large protests in front of those institutions in recent days.