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Business And Markets

TEDPIX Ends Near Flat

Tehran stocks were choppy Tuesday with trade in the negative zone in the early hours before paring losses and moving near the flatline at closing time. 

The main gauge of Tehran Stock Exchange, TEDPIX, shed 568 points or 0.04% to settle at 1,539,530. 

Large caps took a drubbing as seen in the 0.4% decline in the TSE-30 Index, which tracks the performance of 30 top companies in terms of market cap. 

After a one-day hiatus, small caps resumed rally and pushed up the TSE’s equal-weighted index by 0.5% on Tuesday.

Retail trade dropped 18% from the earlier session to reach 55.44 trillion rials ($195 million). 

The number of gainers increased at the close of the session reaching 378 tickers to account for 61% of total tickers. 

About 8.45 billion shares valued at 53.16 trillion rials ($189.8m) changed hands at TSE on Tuesday. 

Pars National Agro-Industry and Animal Husbandry Company was the biggest winner as its shares went up 41.24% to 35,410 rials per share.

Shomal Cement Company incurred the biggest loss among all TSE-listed companies falling 5.7% to 12,250 rials per share.

National Iranian Copper Industries Company contributed the most to the benchmark's fall, followed by Chadormalu Mining And Industrial Company, Pardis Petrochemical Company and Mobarakeh Steel Company.

Tabriz Oil Refining Company gave the biggest boost to the benchmark index followed by Golgohar Mining and Industrial Company, Pars National Agro-Industry and Animal Husbandry Company and Persian Gulf Fajr Energy Company.

*** IFX Gives Up 0.03%

Iran Fara Bourse main index, IFX, lost 5.52 points or 0.03 % to close Tuesday at 21,089. About 4.09 billion shares and securities valued at 31.38 trillion rials ($112m) were traded at the junior equities exchange for the day.

Kerman Province Development Investment Company had the highest number of traded shares as 201.87 million of its shares worth 183.37 billion rials ($654,889) were traded.

Gohar Zamin Iron Ore Company, Hormozgan Steel Company, Zagros Petrochemical Company and Shahid Tondgooyan Petrochemical Company had the most negative impact on IFX.

Minoo Industrial Group Company gave the biggest boost to IFX, followed by Pasargad Insurance Company, Pouya Zarkan Agh Darreh Company and Damavand Power Generation Company.