Tehran’s share market was bullish on Sunday as unprecedented currency prices fuelled demand for commodity-based and large cap stocks.
The main gauge of Tehran Stock Exchange, TEDPIX, gained 14,097.32 points or 0.93% to end trade at 1,532,387.
The top beneficiaries were metal, refinery, mineral and petrochemical companies, sending the TSE-30 Index 1.5% higher. This index tracks the performance of top 30 listed companies in terms of market capitalization.
Penny stocks lagged behind as the TSE’s equal-weighted index gained a little more than 0.3%.
Retail trade climbed 19% on the session before to reach 44.61 trillion rials ($136 million).
About 7.02 billion shares worth 49.08 trillion rials ($153m) changed hands at TSE on Sunday.
Niroo Investment Company was the biggest winner as its shares went up 6.26% to 3,124 rials per share. Motogen Company incurred the biggest loss among all TSE-listed companies and went down 5.5% to 3,057 rials per share.
Parsian Bank contributed the most to the benchmark's fall, followed by Tejarat Bank, Mobin Energy Persian Gulf Company and Omid Investment Management Group Company.
Esfahan Oil Refining Company gave the biggest boost to the benchmark index, followed by Mobarakeh Steel Company, Nouri Petrochemical Company and Bandar Abbas Oil Refining Company.
IFX Adds 0.44%
Iran Fara Bourse main index, IFX, gained 92.4 points or 0.44% to close Sunday trade at 21,007.
About 2.74 billion shares and securities valued at 61.76 trillion rials ($193m) were traded at the junior equities exchange for the day.
Kerman Province Development Investment Company had the highest number of traded shares as 139.73 million of its shares worth 126.76 billion rials ($437,131) were traded.
Dana Pharmaceutical Company, Iran Fara Bourse, Saman Insurance Company and MAPNA Asaluyeh Power Generation Company had the most negative impact on IFX.
Arya Sasol Polymer Company gave the biggest boost to IFX, followed by Iranian Ghadir Iron and Steel Company, Saba Tamin Investment Company and Shahid Tondgooyan Petrochemical Company.
