Business And Markets

TSE Closes Week Slightly Lower 

TSE Closes Week Slightly Lower 
TSE Closes Week Slightly Lower 

The main gauge of Tehran Stock Exchange, TEDPIX, closed trading week slightly below the flatline as selloff pressure continued on commodity stocks. 
TEDPIX shed 2,553.44 points or 0.18% on Wednesday to end trade at 1,397,357. Reaching the psychological 1.4 million level on Monday during a weeklong rally, the benchmark has been grappling with the critical resistance level in  two successive sessions. 
Sell-side pressure on large caps dragged down the TSE-30 Index by more than 0.5%. The index tracks the performance of top 30 large cap equities at TSE.  
As seen in the past two sessions, small caps outperformed pushing up the TSE’s equal-weighted index by 0.2%.    
About 6.63 billion shares valued at 45.72 trillion rials ($163.3 million) changed hands at TSE for the day.
Trading at TSE and junior exchange Iran Fara Bourse starts on Saturday and ends Wednesday.
Piranshahr Food Products and Sugar Company was the biggest winner as its shares went up 4.98% to 8,220 rials per share.
Navard and Iran Steel Parts Manufacturing Company incurred the biggest loss among all TSE-listed companies and went down 4.77% to 178,600 rials per share.
Mobarakeh Steel Company contributed the most to the benchmark's fall, followed by Persian Gulf Petrochemical Industries Company, National Iranian Copper Industries Company and Ghadir Investment Company.
Mellat Bank gave the biggest boost to the benchmark index followed by Omid Investment Management Group Company, Islamic Republic of Iran Shipping Lines Company and Bank Saderat Iran.


IFX Flat 

Iran Fara Bourse main index, IFX, closed flat, gaining 6.36 points or 0.03% to finish Wednesday trade at 18,836.14. About 1.94 billion securities valued at 24.84 trillion rials ($88.7m) were traded at the junior exchange for the day.
Saba Tamin Investment Company, Takhte Jamshid Petrochemical Industries Company, Shahid Tondgooyan Petrochemical Company and Tabas Parvardeh Coal Company had the most negative impact on IFX.
Pasargad Insurance Company gave the biggest boost to IFX, followed by Iran Fara Bourse, Minoo Industrial Group Company and Maadiran Industries Company.

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