After a short-lived rally a session earlier, sell-side pressure picked up again in Tehran’s share market on Monday, paring early hour gains.
The benchmark of Tehran Stock Exchange, TEDPIX, retreated toward the flatline at the close of trade losing 866.37 points or 0.06% to end trade at 1,342,336.83.
Value of retail trade declined 2.5% to reach 27.64 trillion rials ($921 million), the lowest since June. Retail investors contributed to 6% of the total trade.
About 5.23 billion shares worth 31.7 trillion rials ($113.2 million) changed hands at TSE on Monday. Noosh Mazandaran Company was the biggest winner as its shares went up 4.89% to 14,370 rials per share.
Technotar Engineering Company incurred the biggest loss among all TSE-listed companies and dropped 4.82% to 7,700 rials per share.
National Iranian Copper Industries Company contributed the most to the benchmark's fall, followed by Fanavaran Petrochemical Company, Mobarakeh Steel Company and Tehran Oil Refining Company.
Opal Kani Pars Mining and Processing Company gave the biggest boost to the benchmark index followed by Pardis Petrochemical Company, Mellat Bank and Persian Gulf Petrochemical Industries Company.
IFB Down 0.15%
Iran Fara Bourse main index, IFX lost 28.36 points or 0.15% to close Monday trade at 19,181. About 1.93 billion securities valued at 480.61 trillion rials ($1.71 billion) were traded at the junior exchange for the day.
Iran Cultural Heritage and Tourism Investment Group Company, Zagros Petrochemical Company, Marun Petrochemical Company and Arya Sasol Polymer Company had the most negative impact on IFX.
Iran Fara Bourse gave the biggest boost to IFX, followed by Sirjan Jahan Steel Complex, Damavand Power Generation Company and Shahid Tondgooyan Petrochemical Company.
