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Business And Markets

Tehran Stock Market Rally Is Still in Play

Tehran Stock Exchange's main index, TEDPIX, gained 36,150.13 points or 1.58% on Tuesday to end at 2,325,437.38.The TSE equal-weighted index climbed 2.16%.

About 25.07 billion shares worth 172.93 trillion rials ($384.3 million) changed hands for the day. Trading at TSE and over-the-counter Iran Fara Bourse starts on Saturday and ends Wednesday.

Asia Insurance Company led the winner’s list as its shares jumped 6.99% to 2,495 rials per share. Nirou Trans Company was the big loser among all TSE-listed companies plunging 4.96% to 7,090 rials per share.

Pars Petrochemical Company had the most negative impact on TEDPIX, followed by Bouali Sina Petrochemical Company, Informatics Services Corporation and Jam Polypropylene Company.

Ghadir Investment Company gave the biggest boost to the benchmark index, followed by Bank Mellat, Middle East Mines and Mineral Industries Development Holding Company and Social Security Investment Company.

 

 

IFX Adds 1.23%

Iran Fara Bourse main index IFX gained 356.09 points or 1.23% to close Tuesday at 29,308.53.

About 10.82 billion securities worth 499.94 trillion rials ($1.11 billion) were traded at the over-the-counter exchange for the day.

Kerman Province Development Investment Company had the highest number of traded shares at 1.17 billion worth 2.09 trillion rials ($4.66 million).

Asia Seir Aras Company was in the lead in terms of growth among all IFB-listed companies climbing 7% to reach 13,300 rials per share. The big loser was Day Insurance Company plunging 2.64% to reach 6,640 rials per share.

Marun Petrochemical Company, Iran Khodro Diesel Company, Entekhab Electronic Arman Industrial Group Company and Gohar Tarabar Sirjan Transportation Company had the most negative impact on IFX.

Sirjan Jahan Steel Complex gave the biggest boost to IFX, followed by Lavan Oil Refining Company, Iranol Oil Company, and Day Bank.