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Business And Markets

Share Market Tepid 

The benchmark of Tehran Stock Exchange, TEDPIX, closed slightly above the flatline on Sunday amid mounting uncertainty and consecutive decline in retail trade. 

The market cap-weighted TEDPIX gained 1,354.47 points or 0.09% to end trade at 1,502,986. Small caps and penny stocks outperformed as seen in the 0.3% rise in TSE’s equal-weighted index. 

Retail trade dropped 11% on the session before to reach 32.66 trillion rials ($102 million).  Net capital outflow by retail traders was 2.29 trillion rials ($7m). 

About 5.37 billion shares valued at 36.87 trillion rials ($115 m) changed hands at TSE for the day.

Soufian Cement Company was the main winner as its shares went up 5.77% to 21,260 rials per share.

Charkheshgar Company incurred the biggest loss among all TSE-listed companies and went down 5.65% to 16,020 rials per share.

National Iranian Copper Industries Company contributed the most to the benchmark's fall, followed by Mellat Bank, Mobarakeh Steel Company and Mines and Metals Development Investment Company.

Persian Gulf Petrochemical Industries Company gave the biggest boost to the benchmark index, followed by Persian Gulf Fajr Energy Company, Nouri Petrochemical Company and Bandar Abbas Oil Refining Company.

 

IFX Down 0.07%

Iran Fara Bourse main index, IFX, lost 13.52 points or 0.07% to close Sunday trade at 20,195.65.

About 4.26 billion shares and securities valued at 37.83 trillion rials ($118m) were traded at the junior equities exchange.

Day Bank had the highest number of traded shares as 797.72 million of its shares worth 603.84 billion rials ($2.08m) were traded.

Arya Sasol Polymer Company, Bahman Diesel Company, Saba Tamin Investment Company and Hormozgan Steel Company had the most negative impact on IFX.

Damavand Power Generation Company gave the biggest boost to IFX, followed by Zagros Petrochemical Company, MAPNA Asaluyeh Power Generation Company and Day Bank.