A broad range stocks rallied in Tehran on Tuesday but sentiment was high for the small cap stocks as seen in most recent sessions.
Rising demand for shares of smaller listed companies pushed up the equal-weighted index of Tehran Stock Exchange by 1.76%. The index gives the same weight to all stocks irrespective of their market capitalization.
Buoyed by bank and auto stocks, the main gauge of the TSE, TEDPIX, closed Tuesday's session in positive territory after lethargic performance in the past few sessions. The market-cap weighted TEDPIX gained 8,576 points or 0.6% to close trade at 1,444,968 points.
Prices of 355 ticker symbols in both the TSE and the junior equity market Iran Fara Bourse increased, which represent 73% of the total.
About 11.29 billion shares valued at 123.09 trillion rials ($473.44 million) changed hands at TSE for the day.
Towlide Fibre Iran Company was the biggest winner as its shares went up 8.21% to 9,230 rials per share. Persian Gulf Petrochemical Industries Company contributed the most to the benchmark's fall, followed by National Iranian Copper Industries Company, Social Security Investment Company and Mobarakeh Steel Company.
Golgohar Mining and Industrial Company gave the biggest boost to the benchmark index, followed by Iran Khodro Company, Telecommunication Company of Iran and Parsian Bank.
IFX Up 0.88%
Iran Fara Bourse main index, IFX, gained 174.79 points or 0.88% to close Tuesday trade at 20,119.66. About 3.38 billion securities valued at 71.99 trillion rials ($276.9m) were traded at the junior exchange for the day.
Arya Sasol Polymer Company, Maroun Petrochemical Company, Damavand Power Generation Company and Sepehr Saderat Financial Group Investment Company had the most negative impact on IFX.
Pasargad Insurance Company gave the biggest boost to IFX, followed by Zagros Petrochemical Company, Gohar Zamin Iron Ore Company and Middle East Mines and Mineral Industries Development Holding Company.
