Sell-side pressure mounted on Monday in Tehran’s share market to buck a rising trend that has continued for four consecutive sessions.
The main index of Tehran Stock Exchange, TEDPIX, lost 11,003 points or 0.95% to close trade at 1,145,930, with TSE’s equal-weighted index falling 0.66%.
Net capital outflow by retail investors was 5.59 trillion rials ($24 million) with money mostly fleeing bank stocks while some tickers in refinery and mineral sectors experienced a capital inflow.
About 5.16 billion shares valued at 42.37 trillion rials ($176.56 million) changed hands at TSE on Monday.
Kashan Amir Kabir Steel Company was the biggest winner, as its shares went up 8.86% to 22,980 rials per share.
Rayan Saipa Leasing Company incurred the biggest loss among all TSE-listed companies and went down 5.89% to 2,651 rials per share.
National Iranian Copper Industries Company contributed the most to the benchmark's fall, followed by Mobarakeh Steel Company, Mellat Bank and Social Security Investment Company.
Esfahan Oil Refining Company gave the biggest boost to the benchmark index followed by Opal Kani Pars Mining and Processing Company, Barakat Pharmaceuticals Group Company and Kourosh Food Industry Company.
IFB Slips 0.65%
Iran Fara Bourse main index, IFX, lost 115.37 points or 0.65% to close Monday trade at 17,726.12.
About 1.15 billion securities valued at 61.04 trillion rials ($254.35 million) were traded at the junior exchange for the day.
Kerman Province Development Investment Company had the highest number of traded shares, as 219.18 million of its shares worth 216.01 billion rials ($900,062) were traded.
Minoo Industrial Group Company, Hormozgan Steel Company, Shahid Tondgooyan Petrochemical Company and Iran Cultural Heritage and Tourism Investment Group Company had the most negative impact on IFX.
Pasargad Insurance Company gave the biggest boost to IFX, followed by Iran Office Machines Industries Company, Day Insurance Company and Gilan Electric Power Development Company.
