Main benchmark of Tehran stocks came out of the gate in green at the close of trading week on Wednesday but lost the upbeat mood later in the session under sell side pressure.
Shares experienced wild swings between red and green driving the market-cap weighted index of Tehran Stock Exchange, TEDPIX, finally to inch up by 0.38%, gaining 6,600 points to close session at 1,753,678.
With majority of small-cap stocks being hit by selloff pressure, the equal-weighted index lost 0.89% to settle at 478,686 points.
Tehran stock market witnessed a total trading value of 319 trillion rials ($1.45 billion), according to data released on Tehran Securities Exchange Technology Management Company website.
About 16.15 billion shares valued at 228.45 trillion rials ($1 billion) changed hands at TSE on Wednesday.
Trading at TSE and over-the-counter Iran Fara Bourse starts on Saturday and ends Wednesday.
Damavand Mining Company was the biggest winner as its shares went up 5% to 565,970 rials per share.
Sobhan Pharmaceutical Group Company incurred the biggest loss among all TSE-listed companies and went down 6.72% to 37,080 rials per share.
National Iranian Copper Industries Company contributed the most to the benchmark's fall, followed by Mellat Bank, Pars Petrochemical Company and Pasargad Bank.
Mobarakeh Steel Company gave the biggest boost to the benchmark index, followed by Social Security Investment Company, Esfahan Oil Refining Company and Parsian Oil and Gas Development Company.
IFX Up 0.51%
Iran Fara Bourse main index, IFX, gained 92.8 points, or 0.51%, to close Wednesday trade at 18,157.6.
About 3.99 billion securities valued at 91.87 trillion rials ($408.34 million) were traded at the over-the-counter exchange for the day.
Shahid Tondgooyan Petrochemical Company had the highest number of traded shares as 176.32 million of its shares worth 3.16 trillion rials ($14.05 million) were traded.
Middle East Mines and Mineral Industries Development Holding Company, Zagros Petrochemical Company, Jahrom Power Plant Development Company and Mehr Ayandegan Financial Development Group Company had the most negative impact on IFX.
Gohar Zamin Iron Ore Company gave the biggest boost to IFX, followed by Marun Petrochemical Company, Saba Tamin Investment Company and Arya Sasol Polymer Company.
