Business And Markets

Share Market Bucks 3-Day Declining Trend

Share Market Bucks 3-Day Declining Trend
Share Market Bucks 3-Day Declining Trend

Sell-side pressure eased on Monday and the Tehran stock market recovered partially from heavy losses of the past three sessions.
The benchmark of Tehran Stock Exchange, TEDPIX, closed  0.51% higher gaining 7,278.54 points to finish trade at 1,427,758. The index had lost 5% in three straight sessions.
The three-day correction phase rendered share prices attractive to investors and stimulated demand. However, market data indicate that net capital outflow continued on Monday for four  days in a row.
Net capital outflow by retail investors amounted to 3 trillion rials ($11 million) for the day, bringing the amount in four days at 25 trillion rials ($92 million).
About 6.44 billion shares worth 44.93 trillion rials ($166.4 million) changed hands at TSE for the day.
Omid Investment Management Group contributed the most to the benchmark's fall, followed by Civil Pension Fund Investment Company, Bama Mining Company and Barakat Pharmaceuticals Group Company.
National Iranian Copper Industries Company gave the biggest boost to the benchmark index followed by Mobin Energy Persian Gulf Company, Persian Gulf Petrochemical Industries Company and Parsian Oil and Gas Development Group Company.

IFX Flat

Iran Fara Bourse main index, IFX, closed a little above the flatline gaining 19.63 points or 0.09% to close Monday trade at 21,166.22.
About 2.7 billion shares and securities valued at 72.61 trillion rials ($268.9m) were traded at the junior exchange for the day.
The biggest lost was attributed to Fka Agricultural and Animal Husbandry Company with 5% fall to reach 10,091 rials per share.
Pasargad Insurance Company, Minoo Industrial Group Company, Zagros Petrochemical Company and Tejaratno Insurance Company had the most negative impact on IFX.
Sirjan Jahan Steel Complex gave the biggest boost to IFX, followed by Arya Sasol Polymer Company, Sepehr Saderat Financial Group Investment Company and Gohar Zamin Iron Ore Company.

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