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Business And Markets

Slight Gain in Share Prices

Leaving behind a sell-off a session earlier, Tehran stocks opened higher on Sunday though sell-side pressure mounted in the middle of the session.

The main index of Tehran Stock Exchange, TEDPIX, gained 3,343.37 points or 0.23% to end trade at 1,442,588.

About 7.71 billion shares valued at 61.99 trillion rials ($229.6 million) changed hands at TSE for the day.

Trading at TSE and junior equity exchange Iran Fara Bourse starts on Saturday and ends Wednesday.

Isfahan Cement Company was the biggest winner as its shares went up 4.98% to 34,750 rials per share.

Behshahr Industrial Development Company incurred the biggest loss among all TSE-listed companies and went down 4.9% to 25,640 rials per share.

Social Security Investment Company contributed the most to the benchmark's fall, followed by Kourosh Food Industry Company, National Iranian Copper Industries Company and Mellat Bank.

Khouzestan Steel Company gave the biggest boost to the benchmark index followed by Nouri Petrochemical Company, Golgohar Mining and Industrial Company and MAPNA Group Company.

IFX Up 0.3%

Iran Fara Bourse main index, IFX, gained 61.28 points or 0.3% to close Sunday trade at 20,529.

About 2.13 billion securities valued at 94.18 trillion rials ($348.8m) were traded at the junior exchange for the day.

Kerman Province Development Investment Company had the highest number of traded shares as 167.08 million of its shares worth 177.85 billion rials ($658,722) were traded.

Hormozgan Steel Company, Iran Fara Bourse, Esfahan Steel Company and Shahid Tondgooyan Petrochemical Company had the most negative impact on IFX.

Arya Sasol Polymer Company gave the biggest boost to IFX, followed by Minoo Industrial Group Company, Takhte Jamshid Petrochemical Industries Company and Kowsar Insurance Company.