Tehran stocks extended gains on Sunday with small caps and penny stocks in the lead.
Extending a winning streak for five consecutive sessions, the benchmark of Tehran Stock Exchange, TEDPIX, gained 9,150.38 points or 0.59% trading at 1,552,997, the highest in seven months.
As in the past two weeks, small stocks had the upper hand as seen in the more than 0.6% rise in the TSE’s equal-weighted index. The index has ended in positive territory for 15 successive sessions.
At the end of the day, 349 tickers gained and 264 others skid with losers accounting for 42% of the total traded stocks.
Retail trade fell 4% from the session before to reach 67.48 trillion rials ($240 million) on Sunday.
About 12.39 billion shares valued at 66.93 trillion rials ($239m) changed hands at TSE for the day.
Paxan Corporation was the biggest winner as its shares went up 6% to 2,262 rials per share.
Amin Pharmaceutical Company incurred the biggest loss among all TSE-listed companies and went down 5.12% to 3,462 rials per share.
Bandar Abbas Oil Refining Company contributed the most to the benchmark's fall, followed by Jam Petrochemical Company, Shiraz Petrochemical Company and Ghadir Investment Company.
Mobarakeh Steel Company gave the biggest boost to the benchmark index followed by Social Security Investment Company, Tabriz Oil Refining Company and Khouzestan Steel Company.
*** IFX Up 0.6%
Iran Fara Bourse main index, IFX, gained 131.25 points or 0.62 % to close Sunday trade at 21,204.
About 3.66 billion shares and securities valued at 40.34 trillion rials ($144m) were traded at the junior equity exchange for the day.
Kerman Province Development Investment Company had the highest number of traded shares as 267.35 million of its shares worth 252.66 billion rials ($902,357) were traded.
Melal Credit Institution, Damavand Power Generation Company, Peyvand Gostar Pars Electricity and Energy Company and Negin Software Systems Development Company had the most negative impact on IFX.
Arya Sasol Polymer Company gave the biggest boost to IFX, followed by Hormozgan Steel Company, Lavan Oil Refining Company and Saba Tamin Investment Company.
