Tehran stocks had an uneventful session on Sunday as millions of retail traders stood back as a precautionary measure.
Amid the retail investors’ wait and see approach, retail trade extended the long losing streak reaching 33 trillion rials ($117 million) to register the lowest daily value in six months.
Thanks to the slight price rise in a handful of blue chips, the benchmark of Tehran Stock Exchange, TEDPIX, gained 1,299.74 points to close above the flatline, gaining 0.1% on Sunday.
The TSE’s equal-weighted index lost more than 0.5% amid higher selling pressure on most small caps. About 4.72 billion shares valued at 36.63 trillion rials ($131m) changed hands at the TSE.
Trading at TSE and the junior equity exchange Iran Fara Bourse starts on Saturday and ends Wednesday.
Sina Bank was the biggest winner as its shares went up 4.93% to 2,469 rials per share. Silica Sand Supplier Company incurred the biggest loss among all TSE-listed companies and went down 4.85% to 4,488 rials per share.
Mines and Metals Development Investment Company contributed the most to the benchmark's fall, followed by Persian Gulf Petrochemical Industries Company, Shiraz Petrochemical Company and Pardis Petrochemical Company.
Pars Petrochemical Company gave the biggest boost to the benchmark index followed by Social Security Investment Company, Ghadir Investment Company and Fanavaran Petrochemical Company.
IFX Down 0.7%
Iran Fara Bourse main index, IFX, lost 132.21 points or 0.67% to close Sunday trade at 19,493.75.
About 1.65 billion securities valued at 19.56 trillion rials ($69.8m) were traded at the junior exchange for the day.
Kerman Province Development Investment Company had the highest number of traded shares as 130.84 million of its shares worth 128.27 billion rials ($458,114) were traded.
Pasargad Insurance Company, Minoo Industrial Group Company, Marun Petrochemical Company and Sirjan Jahan Steel Complex had the most negative impact on IFX.
Iran Cultural Heritage and Tourism Investment Group Company gave the biggest boost to IFX, followed by Zagros Petrochemical Company, Arya Sasol Polymer Company and Esfahan Steel Company.
