Mostf blue chips in Tehran’s share market were under sell- side pressure on Sunday with investor attention focused on small caps.
The market cap-weighted benchmark of Tehran Stock Exchange, TEDPIX, lost 3,577.93 points or 0.28% to end trade at 1,279,292.
This is while the rally in small caps pushed up the TSE’s equal-weighted index by 0.4%. The index gives the same weight to all shares.
Tracking the performance of top 30 companies in terms of market cap, the TSE-30 index lost more than 0.8% on Sunday.
About 4.07 billion shares worth 30.14 trillion rials ($115.9 million) changed hands at TSE for the day.
Azarbayjan Investment Development Company was the biggest winner as its shares went up 4.99% to 43,970 rials per share.
Temad Pharmaceutical Company incurred the biggest loss among all TSE-listed companies and went down 4.57% to 34,240 rials per share.
National Iranian Copper Industries Company contributed the most to the benchmark's fall, followed by Mobarakeh Steel Company, Khouzestan Steel Company and Pardis Petrochemical Company.
Fanavaran Petrochemical Company gave the biggest boost to the benchmark index followed by Islamic Republic of Iran Shipping Lines Company, Mines and Metals Development Investment Company and Ofogh Koorosh Chain Stores Company.
** IFX Near Flatline
Iran Fara Bourse main index, IFX, closed slightly above the flatline, gaining 8.2 points or 0.05% to close Sunday trade at 17,642.54.
About 2.15 billion shares and securities valued at 64.32 trillion rials ($247.3m) were traded at the junior exchange for the day.
Melal Credit Institution, Arya Sasol Polymer Company, Saba Tamin Investment Company and Alborz Distribution Company had the most negative impact on IFX.
Tabas Parvardeh Coal Company gave the biggest boost to IFX, followed by Tajali Mines and Metals Development Company, Iran Fara Bourse and Saman Insurance Company.
