Tehran stocks opened trading week on Saturday on upbeat mode as promising half-yearly reports of companies shifted investors’ attention to commodity stocks.
The benchmark of Tehran Stock Exchange, TEDPIX, gained 36,496 points or 2.54% for the day to end trade at 1,473,480.14.
Prices of most refinery, petrochemical and mineral shares pushed up the TSE-30 index by 3.5%, indicating that the rally was led by large caps. TSE-30 Index tracks the performance of top 30 companies in terms of market cap.
Small caps, however, were the laggards and eked out minor gains as indicated by less than 1% rise in the TSE’s equal-weighted index.
After three consecutive sessions of capital outflow, the market featured net capital inflow by retail investors worth 1.46 trillion rials ($5 million) on Saturday.
Value of retail trade rose 42% to reach 75.3 trillion rials ($270 m) on Saturday. About 7.24 billion shares valued at 74.56 trillion rials ($276m) changed hands at TSE for the day.
Pars Tile Company was in the lead as its shares went up 8.34% to 136,420 rials per share.
Silica Sand Supplier Company incurred the biggest loss among all TSE-listed companies and gave up 4.62% to be traded at 6,190 rials per share.
Fars and Khouzestan Cement Company contributed the most to the benchmark's fall, followed by Asan Pardakht Persian Company, Iran Aluminum Company and Iran Khodro Company.
Persian Gulf Petrochemical Industries Company gave the biggest boost to the benchmark index followed by Mobarakeh Steel Company, Chadormalu Mining And Industrial Company and Golgohar Mining and Industrial Company.
IFB Up 1.9%
Iran Fara Bourse main index, IFX, gained 396.8 points or 1.9% to close Saturday trade at 21,301.64.
About 3.55 billion securities valued at 148.05 trillion rials ($548m) were traded at the junior exchange for the day.
Gohar Zamin Iron Ore Company, Iranian Reinsurance Company, Iran Cultural Heritage and Tourism Investment Group Company and Day Insurance Company had the most negative impact on IFX.
Arya Sasol Polymer Company gave the biggest boost to IFX, followed by Pasargad Insurance Company, Zagros Petrochemical Company and Hormozgan Steel Company.
