• Business And Markets

    TEDPIX Advances 2%

    Following robust gains last week, Tehran’s share market opened trade on a strong note Sunday amid the heavy presence of retail investors. 

    The main index of Tehran Stock Exchange, TEDPIX, gained 29,856 points or 2.08% to end trading at 1,461,962, marking the TSE’s best day in the past three months. 

    TSE’s equal-weighted index was up 1.86%, reflecting the performance of small caps. 

    Given the increasing role of retail investors, retail trade was  the highest in five months on Sunday, reaching 58.32 trillion rials ($224 million) – up 38% on the session before.   

    At the close of the session, 495 tickers gained representing 78% of the total tickers.  About 12.68 billion shares valued at 79.94 trillion rials ($296 million) changed hands. 

    Shiraz Petrochemical Company was the biggest winner as its shares went up 5% to 69,300 rials per share.

    Persian Gulf International Transportation Company incurred the biggest loss among all TSE-listed companies falling 4.36% to 7,900 rials per share.

    Tamin Pharmaceutical Investment Company contributed the most to the benchmark's fall, followed by Eghtesad Novin Bank, Persian Gulf International Transportation Company and Tidewater Middle East Company.

    Mobarakeh Steel Company gave the biggest boost to the benchmark index followed by National Iranian Copper Industries Company, Tamin Petroleum and Petrochemical Investment Company and Jam Petrochemical Company.

     

    IFX Up 1.6%

    Iran Fara Bourse main index, IFX, gained 315 points or 1.63 % to close Sunday trade at 19,633.67. About 4.07 billion shares and securities worth 39.41 trillion rials ($145.9m) were traded at the junior exchange for the day.

    Kerman Province Development Investment Company had the highest number of traded shares as 230.8 million of its shares worth 194.34 billion rials ($719,777) were traded.

    Iranian Reinsurance Company, Chaharmahal Food Products and Sugar Company, Minoo Industrial Group Company and Sina Port and Marine Services Development Company had the most negative impact on IFX.

    Arya Sasol Polymer Company gave the biggest boost to IFX, followed by Hormozgan Steel Company, Shahid Tondgooyan Petrochemical Company and Zagros Petrochemical Company.