Despite significant growth in trade value, Tehran stocks again closed Monday in negative territory as sell-side pressure outweighed demand.
The main index of Tehran Stock Exchange, TEDPIX, shed 25,301 points or 2.04% to close the trading session at 1,215,222 points.
Performance of the equal-weighted index was a bit better as it ended trade 0.76% lower, indicating less decline in small caps.
Unlike the earlier session, Monday saw a sharp increase in trade value. As per market data published by the eghtesadnews website, the total trade reached more than 100 trillion rials ($400 million) – up 146%.
About 7.7 billion shares valued at 59.12 trillion rials ($236.47m) changed hands at TSE for the day. Pars Tile Company was the biggest winner as its shares went up 7.1% to 121,730 rials per share.
Fibre Iran Company (Royal Fibre) incurred the biggest loss among all TSE companies and went down 31.84% to 7,300 rials per share.
Mobarakeh Steel Company contributed the most to the benchmark's fall, followed by National Iranian Copper Industries Company, Golgohar Mining and Industrial Company and Tehran Oil Refining Company.
Informatics Services Corporation gave the biggest boost to the benchmark index followed by Pakshoo Industrial Group Company, Tamin Cement Investment Company and Pars Khodro Company.
IFX Down 0.86%
Iran Fara Bourse main index IFX lost 134.41 points or 0.86% to close Monday trade at 15,483.58. About 1.14 billion securities valued at 40.73 trillion rials ($162.9m) were traded at the junior exchange for the day.
Saba Tamin Investment Company, Gohar Zamin Iron Ore Company, Hormozgan Steel Company and Esfahan Steel Company had the most negative impact on IFX.
Arya Sasol Polymer Company gave the biggest boost to IFX, followed by Minoo Industrial Group Company, Gilan Electric Power Development Company and Peyvand Gostar Pars Energy and Electric Company.
