After gains a session earlier, Tehran stocks dropped on Sunday after efforts to prop up the fragile recovery were fell short of boosting the sagging sentiment of disillusioned investors.
The main index of Tehran Stock Exchange, TEDPIX, shed 5,553 points to drop 0.35%, closing trading session at 1,578,190.
Sunday’s trade featured institutional traders support for a few giant companies mostly in metal, mineral and petrochemical sectors.
To avoid the further crash of the nervous market, which has already lost 30% of its value, the regulator has suspended the ticker symbols of several large-cap shares.
The High Council of Securities and Exchange, the top policymaking body, on Thursday, approved supportive new measures that involved boosting demand by market makers and main shareholders.
TSE Trade
About 9.33 billion shares valued at 106.01 trillion rials ($451.12 million) changed hands at TSE for the day.
The National Iranian Copper Industries Company contributed the most to the benchmark's fall, followed by Islamic Republic of Iran Shipping Lines Company, MAPNA Group and Mobile Telecommunication Company of Iran.
Golgohar Mining and Industrial Company gave the biggest boost to the benchmark index, followed by Mobarakeh Steel Company, Persian Gulf Petrochemical Industries Company and Jam Petrochemical Company.
IFX Flat
Iran Fara Bourse main index, IFX, closed a little above the flat-line, gaining 13.91 points, or 0.08%, to close Sunday trade at 16,783.09.
About 1.45 billion securities valued at 27.36 trillion rials ($116.43 million) were traded at the junior equity market.
Esfahan Steel Company, Shahid Tondgooyan Petrochemical Company, Middle East Mines and Mineral Industries Development Holding Company and Gilan Electric Power Development Company had the most negative impact on IFX.
Marun Petrochemical Company gave the biggest boost to IFX, followed by Arya Sasol Polymer Company, Hormozgan Steel Company and Damavand Power Generation Company.
