Despite some ease in sell side pressure on Monday, Tehran’s share market again closed in negative territory amid noticeable increase in the value of deals.
The main index of Tehran Stock Exchange, TEDPIX, lost 4,757.34 points or 0.39% to end trading at 1,226,119. The TSE’s equal-weighted index dropped 0.15%, indicating smaller loss in penny stocks.
Monday saw 43% growth in value of deals by retail investors and 31% decline in net value of capital outflow compared with a session before. This was perceived as a positive sign that most share prices may reenter the positive zone in the coming days and after two full weeks of consecutive losses.
About 3.16 billion shares valued at 31.08 trillion rials ($124.34 million) changed hands at TSE on Monday. The Persian Gulf Petrochemical Industries Company contributed the most to the benchmark's fall, followed by National Iranian Copper Industries Company, Esfahan Oil Refining Company and Ghadir Investment Company.
Social Security Investment Company gave the biggest boost to the benchmark index followed by Nouri Petrochemical Company, Mobarakeh Steel Company and Mellat Bank.
IFX Up 0.14%
Iran Fara Bourse main index, IFX, gained 24.47 points or 0.14% to close Monday trade at 17,796. Esfahan Steel Company, Shahid Tondgooyan Petrochemical Company, Saba Tamin Investment Company and Marun Petrochemical Company had the most negative impact on IFX.
Arya Sasol Polymer Company gave the biggest boost to IFX followed by Zagros Petrochemical Company, Omid Taban Hour Energy Management Company and Arfa Iron and Steel Company.
