After a brief hiatus a session earlier, the downward trend in Tehran’s share market resumed on Tuesday with sell-off sweeping across all share categories.
Major stocks saw the biggest decline last month. The main index of Tehran Stock Exchange, TEDPIX, lost 38,772.24 points or 2.66% to end trading at 1,418,721.12. TSE’s equal-weighted index took a bigger drubbing and dived 3%.
The downturn was spurred by decline in foreign currency rates in Tehran, which normally impact export-based listed companies, including major commodity stocks.
Prices in 458 tickers declined on Tuesday, representing 93% of the total active tickers.
Net capital outflow by retail traders surpassed 12 trillion rials ($44 million), the highest in the past 12 sessions. Value of retail trade dropped 23% to reach 58.11 trillion rials ($215m).
About 6.07 billion shares valued at 49.6 trillion rials ($183m) changed hands at TSE. Pars Paper Industrial Group Company was the biggest winner as its shares went up 4.73% to 3,498 rials per share.
Saipa Glass Company incurred the biggest loss among all TSE-listed companies and went down 5% to 22,060 rials per share.
Persian Gulf Petrochemical Industries Company contributed the most to the benchmark's fall, followed by Social Security Investment Company, Mobarakeh Steel Company and National Iranian Copper Industries Company.
Iran Aluminium Company gave the biggest boost to the benchmark index followed by Pars Paper Industrial Group Company, Nasir Machine Engineering Company and Rouz Darou Pharmaceuticals Company.
IFB Down 1.7%
Iran Fara Bourse main index, IFX, lost 350.24 points or 1.68% to close Tuesday trade at 20,484.
About 3.45 billion securities worth 109.46 trillion rials ($404 m) were traded at the junior exchange for the day.
Day Bank had the highest number of traded shares as 991.3 million of its shares worth 971.43 billion rials ($3.6m) were traded.
Arya Sasol Polymer Company, Saba Tamin Investment Company, Shahid Tondgooyan Petrochemical Company and Esfahan Steel Company had the most negative impact on IFX.
Zagros Petrochemical Company gave the biggest boost to IFX, followed by Sirjan Jahan Steel Complex, Kimyagaran Emrooz Chemical Industries Company and Saman Insurance Company.
