Business And Markets

Tehran Stocks Close Week Higher

Tehran Stocks Close Week Higher
Tehran Stocks Close Week Higher

Tehran’s share market closed trading week Wednesday slightly higher amid unwillingness of retail investors to trade.  
The main index of Tehran Stock Exchange, TEDPIX, gained 4,911.37 points or 0.32% for the day to end at 1,520,298. 
Small caps outperformed pushing up the TSE’s equal-weighted index by more than 0.5%. 
Retail trade plunged 11% on the session before to reach 34.44 trillion rials ($111 million). 
About 9.06 billion shares valued at 66.71 trillion rials ($230.04 m) changed hands at TSE on Wednesday.
Trading at TSE and the junior equities exchange Iran Fara Bourse starts on Saturday and ends Wednesday.
Zar Spring Manufacturing Company was the top winner as its shares went up 8.96% to 4,037 rials per share.
Khorasan Sabet Sugar Company incurred the biggest loss among all TSE-listed companies and went down 5.36% to 3,124 rials per share.
Mines and Metals Development Investment Company contributed the most to the benchmark's fall, followed by Tabriz Oil Refining Company, Alborz Insurance Company and Osve Pharmaceutical Company.
The Islamic Republic of Iran Shipping Lines Company gave the biggest boost to the benchmark index, followed by Social Security Investment Company, National Iranian Copper Industries Company and Jam Polypropylene Company.


IFX Up 0.5%

Iran Fara Bourse main index, IFX, gained 108.07 points or 0.52% to close Wednesday trade at 20,946.
About 2.56 billion shares and securities worth 75.23 trillion rials ($259.4m) were traded at the junior equities exchange for the day.
Kerman Province Development Investment Company had the highest number of traded shares as 167.71 million of its shares worth 151.7 billion rials ($523,100) were traded.
Damavand Power Generation Company, General Mechanic Company, Ghiam Isfahan Agricultural and Livestock Company and MAPNA Asaluyeh Power Generation Company had the most negative impact on IFX.
Pasargad Insurance Company gave the biggest boost to IFX, followed by Zagros Petrochemical Company, Shahid Tondgooyan Petrochemical Company and Daana Pharmaceutical Company.

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