Business And Markets

TEDPIX Declines by 0.7%

TEDPIX Declines by 0.7%
TEDPIX Declines by 0.7%

After a brief hiatus, sell-side pressure resumed on Iran's stock market at the close of trading week on Wednesday. 
The main index of Tehran Stock Exchange, TEDPIX, shed 8,360 points and dropped 0.7% to close at 1,177,916. 
About 3.95 billion shares valued at 44.82 trillion rials ($179.28 million) changed hands at TSE for the day.
National Iranian Copper Industries Company contributed the most to the benchmark's fall, followed by Persian Gulf Petrochemical Industries Company, Social Security Investment Company and Mobarakeh Steel Company.
Opal Kani Pars Mining and Processing Company gave the biggest boost to the benchmark index followed by Barakat Pharmaceuticals Group Company, Sepahan Oil Company and Behran Oil Company.
This is while Iran Fara Bourse’s main index, IFX, closed on the flatline on Wednesday. 
About 1.04 billion securities valued at 272.67 trillion rials ($1.09 billion) were traded at the junior exchange for the day.
Pasargad Insurance Company, Esfahan Steel Company, Shahid Tondgooyan Petrochemical Company and Melal Credit Institution had the most negative impact on IFX.
Arya Sasol Polymer Company gave the biggest boost to IFX followed by Gilan Electric Power Development Company, Zagros Petrochemical Company and Tabas Parvardeh Coal Company.

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