After breaking past the key 1,000,000 points one day before, Tehran stocks moved further up on Sunday.
The benchmark of Tehran Stock Exchange, TEDPIX, gained another 2.2% adding 23,035 points to close the session at 1,043,252.
Metal companies were the top market performers. Two giant steel and copper companies, namely Mobarakeh Steel Company and National Iranian Copper Industries Company accounted for approximately a quarter of the growth.
Refineries and banks were also among the key players amid a selloff in shares of several petrochemical companies.
Equal-weighted index closed lower at 1.7% as sell-off hit many small and mid-cap stocks. This was caused by investor rush to sell to secure cash to shares of SAIPA, one of the two largest auto manufacturing companies.
The ticker symbol of this company reopened Sunday after nearly two months as the carmaker announced in March it would hold an extraordinary general meeting.
Soon after the TSE announced the reopening of the symbol, investors lined up in buy position to place orders for close to 11 billion shares of the company worth 13.5 trillion rials ($84 million), according to Donyaye Bourse website.
The orders were left unprocessed, however, as the stock market regulator didn’t accept order volumes of this scale and postponed the reopening for Monday.
Market Performance
About 6.94 billion shares valued at 113.18 trillion rials ($694.38 million) changed hands at TSE for the day.
Trading at TSE and over-the-counter Iran Fara Bourse starts on Saturday and ends Wednesday.
IRCA Part Sanat Company (a spare part manufacturer) was the biggest winner as its shares went up 21.08% to 23,096 rials per share.
Pars Tousheh Investment Company incurred the biggest loss among all TSE-listed companies and went down 4.67% to 24,482 rials per share.
Persian Gulf Petrochemical Industries Company contributed the most to the benchmark's fall, followed by Pars Petrochemical Company, Tamin Petroleum and Petrochemical Investment Company and Khorasan Steel Company.
Mobarakeh Steel Company gave the biggest boost to the benchmark index, followed by National Iranian Copper Industries Company, Social Security Investment Company and Golgohar Mining and Industrial Company.
The Price Index gained 6,126.5 points, or 2.26% to close at 277,462.78.
The First Market Index gained 24,909.51 points, or 3.36% to post 765,470.49. The Second Market Index went up 13,139.99 points, or 0.63% to reach 2,100,177.59.
The Industry Index was up 17,653.01 points or 1.98% to register 909,309.41. The Free Float Index was up 36,045.18 points to hit 1,324,385.43.
TSE 30 went up 1,496.12 points to settle at 45,018.38 while TSE 50 ended 880.95 points higher to finish at 39,650.21.
IFX Up 1.9%
Iran Fara Bourse main index, IFX, gained 218.9 points or 1.9% to close Sunday trade at 11,732.74.
About 1.96 billion securities valued at 30.8 trillion rials ($188.9 million) were traded at the over-the-counter exchange for the day.
Jahrom Power Plant Development Company had the highest number of traded shares and trade value as 589.45 million of its shares worth 4.11 trillion rials ($25.2 million) were traded.
Damavand Power Generation Company, Shahid Tondgooyan Petrochemical Company, Saba Tamin Investment Company and Iran Office Machines Industries 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 Esfahan Steel Company, Hormozgan Steel Company and Pasargad Insurance Company.
