Tehran stocks opened trading week on a high note on Saturday amid demand for shares of commodity and export-oriented companies.
The benchmark of Tehran Stock Exchange, TEDPIX, gained 14,310 points and climbed 1.25% to end trade at 1,161,985.
This is while the TSE’s equal weighted index closed slightly above the flatline, indicating the lukewarm performance of penny stocks.
Price rise in petrochemical, refinery, bank, mineral and metal stocks pushed up the TSE-30 Index by almost 1.7%. The index tracks the performance of top 30 listed companies in terms of market cap.
On Saturday, 192 tickers experienced price rises while 230 declined, accounting for 51% of the total active tickers.
According to Eghtesad News website, capital outflow by retail investors slowed to stand at 310 billion rials – down 86% compared the session earlier.
Trade value of trade rose 16.8% to reach 148.95 trillion rials ($633 million) with retail investors contributing to 44.35 trillion rials ($188.7m) of the deals.
About 8.18 billion shares valued at 49.32 trillion rials ($205.52 m) changed hands at TSE for the day.
Nouri Petrochemical Co was the biggest winner as its shares went up 5% to 74,190 rials per share. Indamin SAIPA Shock Absorber Manufacturing Co incurred the biggest loss among all TSE-listed companies and went down 30.2% to 17,450 rials per share.
National Iranian Copper Industries Co contributed the most to the benchmark's fall, followed by Iran Khodro Co, Pakshoo Industrial Group Co and Khouzestan Province Investment Co.
Persian Gulf Petrochemical Industries Co gave the biggest boost to the benchmark index, followed by Social Security Investment Co, Mobarakeh Steel Co and Tamin Petroleum and Petrochemical Investment Co.
IFB Up 0.11%
Iran Fara Bourse main index, IFX, gained 19.25 points or 0.11% to close Saturday trade at 17,313.47.
About 1.27 billion shares and securities valued at 99.62 trillion rials ($415.11m) were traded at the junior exchange for the day.
Kerman Province Development Investment Company had the highest number of traded shares as 280.99 million of its shares worth 328.82 billion rials ($1.37m) were traded.
Minoo Industrial Group Company, Gohar Zamin Iron Ore Company, Iran Fara Bourse and Iran Office Machines Industries Company had the most negative impact on IFX.
Marun Petrochemical Company gave the biggest boost to IFX, followed by Esfahan Steel Company, Kowsar Insurance Company and Middle East Mines and Mineral Industries Development Holding Company.
