TSE Edges Higher

The main index of Tehran Stock Exchange, TEDPIX, gained 9,026 points, or 0.72%, on Monday to end trading at 1,254,212.
About 7.88 billion shares worth 64.57 trillion rials ($269.07 million) changed hands at the TSE for the day.
Telecommunication Company of Iran contributed the most to the benchmark's fall, followed by Iran Khodro Company, Parsian Bank and Khorasan Steel Company.
Persian Gulf Petrochemical Industries Company gave the biggest boost to the benchmark index, followed by Tamin Petroleum and Petrochemical Investment Company, Chadormalu Mining And Industrial Company and Mines and Metals Development Investment Company.
The junior equity market Iran Fara Bourse eked out bigger gains on Monday. Its main index, IFX, added 198.81 points, or 1.15%, to close trade at 17,470.33.
About 2.59 billion securities valued at 447.27 trillion rials ($1.86 billion) were traded at the smaller exchange for the day.
Tejaratno Insurance Company, Omid Taban Hour Energy Management Company, Melal Credit Institution and Jahrom Power Plant Development Company had the most negative impact on IFX.
Marun Petrochemical company gave the biggest boost to IFX, followed by Zagros Petrochemical Company, Arya Sasol Polymer Company and Pasargad Insurance Company.