Tehran stocks made robust gains at the beginning of trading week on Saturday extending into the fourth straight session.
The benchmark of Tehran Stock Exchange, TEDPIX, gained 42,220 points to climb more than 3%. The gains pushed TEDPIX above the critical 1.4 million points to close at 1,440,637.42.
Tracking market data, Eghtesadnews, the Persian-language economic news website said Saturday’s gain was the highest in nine months.
Keeping abreast large caps, prices of the majority of small caps rose causing the TSE’s equal-weighted index to surge 3.18%, also the biggest in nine months.
Retail trade increased 32% compared to the previous session, reaching 84.7 trillion rials ($313 million) on Saturday.
Leaving behind two weeks of capital outflow, the bourse saw net capital inflow by retail traders for the second straight session, amounting to 4.18 trillion rials ($15m). About 5.7 billion shares valued at 63.82 trillion rials ($228m) changed hands at TSE for the day.
Kavir Tire Company was the biggest winner as its shares went up 18.71% to 7,550 rials per share and Iran Ferrosilice Company incurred the biggest loss among all TSE-listed companies and went down 1.04% to 7,630 rials per share.
Khorasan Razavi Province Saham Edalat Investment Company contributed the most to the benchmark's fall, followed by Iran Ferrosilice Company, Isfahan Province Investment Company and Qom Province Investment Company.
The Social Security Investment Company gave the biggest boost to the benchmark index followed by Mobarakeh Steel Company, Persian Gulf Petrochemical Industries Company and Chadormalu Mining And Industrial Company.
IFX Climbs 2.5%
Iran Fara Bourse main index, IFX, gained 507.35 points or 2.56% to close Saturday trade at 20,360.57. About 2.35 billion securities worth 30.9 trillion rials ($110m) were traded at the junior exchange for the day.
Kerman Province Development Investment Company had the highest number of traded shares as 160.3 million of its shares worth 173.27 billion rials ($641,755) were traded. Minoo Industrial Group Company had the most negative impact on IFX.
Arya Sasol Polymer Company gave the biggest boost to IFX, followed by Gohar Zamin Iron Ore Company, Zagros Petrochemical Company and Hormozgan Steel Company.
