Business And Markets

Tehran Stocks Sink Deeper 

Tehran Stocks Sink Deeper 
Tehran Stocks Sink Deeper 

The benchmark of Tehran Stock Exchange, TEDPIX, plunged deep below the critical 1.5 million points on Monday. 
The market-cap weighted TEDPIX lost 10,915.17 points or 0.73% to retreat further from the psychological support level ending trade at 1,487,597.
Unrelenting sell-off incurred big losses on small caps and penny stocks, pulling the TSE equal-weighted index 1.5% lower. 
With retail investors firmly positioned on the sell side, retail trade rose 18% on the session before to reach 33.75 trillion rials ($108 million). 
About 6.28 billion shares valued at 36.48 trillion rials ($117 m) changed hands at TSE on Monday.
Charkheshgar Company was the top beneficiary as its shares went up 5.31% to 18,260 rials per share.
Iran Khodro Investment Development Company incurred the biggest loss among all TSE-listed companies and went down 13.39% to 3,104 rials per share.
Persian Gulf Petrochemical Industries Company contributed the most to the benchmark's fall, followed by National Iranian Copper Industries Company, Tehran Oil Refining Company and Esfahan Oil Refining Company.
Mobarakeh Steel Company gave the biggest boost to the benchmark index, followed by Mines and Metals Development Investment Company, Khouzestan Steel Company and Calcimine Company.


IFX Down 1.1%

Iran Fara Bourse main index, IFX, lost 222.87 points or 1.11% to close Monday trade at 19,822.
About 4.75 billion securities valued at 1,301.11 trillion rials ($4.48 billion) were traded at the junior equities exchange for the day.
Arya Sasol Polymer Company, Lavan Oil Refining Company, Minoo Industrial Group Company and Iranol Oil Company had the most negative impact on IFX.
Marun Petrochemical Company gave the biggest boost to IFX, followed by Daana Pharmaceutical Company, Day Bank and Sarcheshmeh Copper Investment Company.

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