Business And Markets

TEDPIX Closes 1.3% Higher

TEDPIX Closes 1.3% Higher
TEDPIX Closes 1.3% Higher

Tehran stocks closed the last trading session in the outgoing fiscal year on Wednesday in positive territory extending a 9-day upbeat trend. 
TEDPIX, the main index of Tehran Stock Exchange, was up 1.33% gaining 17,182 points to end trade at 1,307,657.
The equal-weighted index gained 0.43%. The index gives the same weight to all shares irrespective of the market cap.
Trade value jumped 140% to reach 567.44 trillion rials ($2.26 billion) contributed mainly by the increase in deals in Iran Fara Bourse, the junior equity market. 
About 13.02 billion shares valued at 75.54 trillion rials ($302.17 million) changed hands at TSE for the day. Parsian Oil and Gas Development Group contributed the most to the benchmark's fall, followed by Tamin Petroleum and Petrochemical Investment Company, Jam Petrochemical Company and Khouzestan Steel Company.
The giant Mobarakeh Steel Complex gave the biggest boost to the benchmark index followed by Persian Gulf Petrochemical Industries Company, National Iranian Copper Industries Company and Omid Investment Management Group Company.

IFB Up 0.9%

Iran Fara Bourse main index, IFX, gained 162 points or 0.91% to close Wednesday trade at 17,990. About 2.63 billion securities worth 499.88 trillion rials ($1.99b) were traded at the over-the-counter exchange.
Marun Petrochemical Company, Omid Taban Hour Energy Management Company, Tejaratno Insurance Company and Tukarail Company had the most negative impact on IFX.
Pasargad Insurance Company gave the biggest boost to IFX, followed by Shahid Tondgooyan Petrochemical Company, Middle East Mines and Mineral Industries Development Holding Company and Zagros Petrochemical Company.

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