A day after rationing gasoline the stock market in Tehran opened trading flat on Saturday amid rising prices for refinery equities and steep fall in auto stocks.
The market opened in positive territory in the early hours, gaining more than 1,800 points, before retreating to the red zone.
The main index of Tehran Stock Exchange TEDPIX lost 208.23 points, or 0.07%, on Saturday to end trading at 306,885.9.
Shares of refineries were well received by investors as they expected rising prices in shares of this category following a three-fold rise in prices of gasoline on Friday.
About 2.55 billion shares valued at 12.71 trillion rials ($106.84 million) changed hands at TSE for the day.
Sepanta Communication Development Company was the biggest winner as its shares went up 5% to 78,079 rials per share.
Tehran Cement Company incurred the biggest loss among all TSE-listed companies and went down 4.83% to 13,944 rials per share.
Persian Gulf Petrochemical Industries Company contributed the most to the benchmark's fall, followed by Iran Khodro Company (IKCO), Pars Petrochemical Company and SAIPA Automaker Company.
Tehran Oil Refining Company gave the biggest boost to the benchmark index, followed by Esfahan Oil Refining Company, Bandar Abbas Oil Refining Company and Mines and Metals Development Investment Company.
The Price Index lost 55.68 points, or 0.07% to close at 82,217.6.
The First Market Index was down 313.34 points, or 0.14% to post 222,382.7. Second Market Index increased 308.35 points, or 0.05% to reach 627,063.4.
The Industry Index went down 31.15 points or 0.01% to register 275,261.9. The Free Float Index was down 1,013.25 points to hit 357,026.60.
TSE 30 went up 5.68 points to settle at 13,196.3 and the TSE 50 ended 2.96 points higher to finish at 11,968.8.
IFX Up 0.08%
Iran Fara Bourse main index IFX gained 2.97 points or 0.08% to close Saturday trade at 3,935.42.
About 938.19 million securities valued at 6.57 trillion rials ($55.23 million) were traded at the over-the-counter exchange for the day.
Marun Petrochemical Complex, Hormozgan Steel Company, Ghasem Iran Company (active in distribution industry) and Kerman Development Investment Company had the most negative impact on IFX.
Damavand Power Generation Company gave the biggest boost to IFX, followed by Shiraz Oil Refining Company, Lavan Oil Refining Company and Iranol Oil Company.
