Tehran Stock Exchange's main index, TEDPIX, gained 60,896.13 points or 3.97% on Monday to end at 1,594,262.88 while the TSE equal-weighted index jumped 3.45%.
About 13.28 billion shares worth 81.51 trillion rials ($181.13 million) changed hands for the day. Trading at TSE and over-the-counter Iran Fara Bourse starts on Saturday and ends Wednesday.
Tuka Steel Investment Company led the winner’s list as its shares jumped 6.99% to 9,030 rials per share.
Osve Pharmaceutical Company was the main laggard among all TSE-listed companies plunging 3.42% to 53,690 rials per share.The pharma firm had the most negative impact on TEDPIX, followed by Saman Kish Electronic Payment Company, Dashtestan Cement Industries Company and Industry and Mine Leasing Company.
Mobarakeh Steel Company gave the biggest boost to the benchmark index, followed by National Iranian Copper Industries Company, Persian Gulf Petrochemical Industries Company and Ghadir Investment Company.
The value of Monday trade in the bourse improved on the previous day with the overall index near a support level following unconfirmed reports about the possibility of changes in forex rates in Nima System and the potential for overall higher rates in the not too distant future, Eghtesadnews economic website said in a report on Monday.
The website was of the opinion that under the present economic circumstances the stock market alone is immune to galloping inflation, and analysts believe that it could have some surprises in store.
IFX Adds 3.15%
Iran Fara Bourse main index IFX gained 632.13 points or 3.15% to close Monday at 20,675.03.
About 9.47 billion securities worth 2,282.58 trillion rials ($5.07 billion) were traded at the over-the-counter exchange for the day.
Day Bank had the highest number of traded shares at 589.6 million worth 468.55 billion rials ($1.04 million).
Tuka Refractories Production and Services Company was in the lead in terms of growth among all IFB-listed companies climbing 16.99% to reach 7,850 rials per share. The big loser was Alvand Maskan Investment Company falling 6.44% to reach 14,960 rials per share.
Gohar Tarabar Sirjan Transportation Company, Alvand Maskan Investment Company, Khorasan Cotton and Oil Seeds Company and Maskan Pardis Investment Company had the most negative impact on IFX.
Arya Sasol Polymer Company gave the biggest boost to IFX, followed by Pasargad Insurance Company, Gohar Zamin Iron Ore Company and Zagros Petrochemical Company.
