Tehran Stocks closed Monday a little below the flat line before bouncing back into positive territory as investors went for SAIPA shares in after-hour trade.
The benchmark of Tehran Stock Exchange, TEDPIX, gained 4,504.77 points, or 0.43%, to end trading session at 1,047,757.6.
Zealous investors lined up to buy shares of SAIPA, the second biggest carmaker, as its ticker symbol reopened Monday after being closed for two months due to the company’s general meeting.
According to Donyaye Bourse website, investors placed orders for shares of the carmaker, a big part of which was unprocessed as the company offered only 245 million shares.
SAIPA’s comeback affected normal trade in the past two days as investors rushed to sell other shares to secure cash to buy shares of the company.
About 7.5 billion shares valued at 106.53 trillion rials ($641.76 million) changed hands at TSE on Monday.
Banks Employees’ Pension Fund Investment Company was the biggest winner as its shares went up 10.21% to 6,141 rials per share.
Kharazmi Investment Company incurred the biggest loss among all TSE-listed companies and went down 6.89% to 12,008 rials per share.
Persian Gulf Petrochemical Industries Company contributed the most to the benchmark's fall, followed by Tamin Petroleum and Petrochemical Investment Company, Pars Petrochemical Company and MAPNA Group.
SAIPA gave the biggest boost to the benchmark index, followed by National Iranian Copper Industries Company, Social Security Investment Company and Golgohar Mining and Industrial Company.
Iran Fara Bourse main index IFX lost 76.58 points, or 0.66%, to close Monday trade at 11,606.96.
About 2.34 billion securities valued at 45.07 trillion rials ($271.55 million) were traded at the over-the-counter exchange for the day.
Saba Tamin Investment Company, Shahid Tondgooyan Petrochemical Company, Zagros Petrochemical Company and Mehr Ayandegan Financial Development Group Company had the most negative impact on IFX.
Esfahan Steel Company gave the biggest boost to IFX, followed by Jahrom Power Plant Development Company, Gohar Zamin Iron Ore Company and Marun Petrochemical Company.
