Tehran Stock Exchange slipped on Wednesday as the market continues in the correction mode following non-stop rallies in recent weeks.
TSE extended the losing streak into the second day on Wednesday after the benchmark shed 1,420.83 points to close trading week at 313,049.0.
About 4.01 billion shares valued at 18.02 trillion rials ($158 million) changed hands at TSE for the day.
Trading on TSE and over-the-counter Iran Fara Bourse starts on Saturday and ends Wednesday.
Shahdiran Company, active in food industry, was the biggest winner as its shares went up 9.16% to 18,079 rials per share.
Jaber Ebne Hayyan Pharmaceutical Company incurred the biggest loss among all TSE-listed companies and went down 5% to 10,830 rials per share.
Bank Mellat contributed the most to the benchmark's fall for the second day in a row, followed by Iran Khodro (IKCO), MAPNA Group and Mobile Telecommunication Company of Iran.
Khorasan Steel Company gave the biggest boost to the benchmark index, followed by Tabriz Oil Refining Company, and Golgohar Mining and Industrial Company.
The Price Index lost 381.79 points, or 0.45% to close at 84,138.7.
The First Market Index was down 419.95 points, or 0.19% to post 226,232.1. Second Market Index was down 5,635.26 points, or 0.87% to reach 642,364.7.
Industry Index went down 872.86 points or 0.31% to register 278,600.1. The Free Float Index was down 2,708.86 points to hit 362,072.17.
TSE 30 increased by 17.19 points to settle at 13,419.7 and the TSE 50 ended 28.54 points higher to finish at 12,170.1.
IFX Down 1.04%
The main index of Iran Fara Bourse IFX shed 42.99 points, or 1.04%, to close Wednesday’s trade at 4,075.63.
About 1.5 billion securities valued at 8.96 trillion rials ($78.66 million) were traded at the over-the-counter exchange for the day.
Esfahan Steel Company had the highest number of traded shares as 255.95 million of its shares worth 527.79 billion rials ($4.6 million) were traded.
Middle East Mines & Mineral Industries Development Holding Company, Esfahan Steel Company and Jahrom Power Plant Development Company had the most negative impact on IFX.
Zagros Petrochemical Company gave the biggest boost to IFX, followed by Shiraz Oil Refining Company, and Pasargad Insurance Company.
