After the weeklong nationwide lockdown to contain the Covid-19 pandemic, Tehran stocks opened on a stronger note on Sunday buoyed by demand for small caps.
The equal-weighted index of Tehran Stock Exchange gained 1.8% to post the highest daily growth in six months. The index gives the same weight to all shares irrespective of their market cap.
Triggered by spike in forex rates, the TSE main index, TEDPIX, gained 15,624.71 points or 1.04% on Sunday to end trading at 1,515,548.
The benchmark is highly sensitive to performance of large caps, including major commodity stocks owned by export-oriented companies.
Value of trade by retail investors reached 115.4 trillion rials ($450 million) on Sunday, up 34% compared with the previous session and the highest in since the beginning of the current fiscal year in March.
About 13.4 billion shares valued at 101.54 trillion rials ($390.5 m) changed hands at TSE for the day. Iran Carton Company was the biggest winner as its shares went up 9.51% to 2,741 rials per share.
National Iranian Lead and Zinc Company incurred the biggest loss among all TSE-listed companies and went down 4.69% to 87,520 rials per share.
Social Security Investment Company contributed the most to the benchmark's fall, followed by Middle East Mines and Mineral Industries Development Holding Company, Khorasan Razavi Province Saham Edalat Investment Company and Tamin Pharmaceutical Investment Company.
Nouri Petrochemical Company gave the biggest boost to the benchmark index followed by Tehran Oil Refining Company, Pardis Petrochemical Company and Iran Khodro Company.
IFX Up 1.5%
Iran Fara Bourse main index, IFX, gained 318.79 points or 1.48% to close Sunday trade at 21,876.6.
About 4.04 billion shares and securities valued at 118.78 trillion rials ($456.84m) were traded at the over-the-counter exchange for the day.
Pasargad Insurance Company, Gohar Zamin Iron Ore Company, Esfahan Steel Company and Arfa Iron and Steel Company had the most negative impact on IFX.
Marun Petrochemical Company gave the biggest boost to IFX, followed by Arya Sasol Polymer Company, Zagros Petrochemical Company and Saba Tamin Investment Company.
