Tehran stocks opened trading week Saturday in positive territory buoyed by a rally in large caps and fuelled by the consecutive rise in foreign exchange rates that normally have a positive impact on large caps and commodity stocks.
The main index of Tehran Stock Exchange, TEDPIX, gained 5,595.58 points or 0.47% to finish trading at 1,189,595.65.
Mineral, base metal, steel, petroleum and petrochemical shares were the best gainers of trading session pushing up the TSE-30 Index by 2.63%. The index tracks the performance of top 30 listed companies in terms of market capitalization.
As seen was the case in previous sessions, majority of other shares, including small caps were still under sell-side pressure.
The equal-weighted index, which presents a better picture on performance of penny stocks, declined close to 0.8% on Saturday.
Prices in 70% of stocks declined for the day, comprising 310 tickers, according to market data published by Eqtesad News.
Almost 3.93 billion shares valued at 38.95 trillion rials ($177.06 million) changed hands at TSE for the day. Kashan Amir Kabir Steel Company was the biggest winner as its shares went up 4.99% to 64,800 rials per share.
Zahravi Pharmaceutical Company incurred the biggest loss among all TSE-listed companies and went down 13.66% to 7,520 rials per share.
Omid Investment Management Group Company contributed the most to the benchmark's fall, followed by Telecommunication Company of Iran, Tejarat Bank and Bank Saderat Iran.
Golgohar Mining and Industrial Company gave the biggest boost to the benchmark index, followed by Chadormalu Mining And Industrial Company, National Iranian Copper Industries Company and Persian Gulf Petrochemical Industries Company.
IFB Up 0.35%
Iran Fara Bourse main index, IFX, gained 60.95 points or 0.35% to close Saturday trade at 17,553.76. Close to 1.26 billion securities valued at 159.27 trillion rials ($723.99m) were traded at the junior exchange for the day.
Tukarail Company, Tejaratno Insurance Company, Kerman Province Development Investment Company and Isfahan Zinc Smelting Company had the most negative impact on IFX.
Middle East Mines and Mineral Industries Development Holding Company gave the biggest boost to IFX, followed by Gohar Zamin Iron Ore Company, Hormozgan Steel Company and Zagros Petrochemical Company.
