Tehran stocks rebounded on Saturday amid rise in retail trade and inflow of fresh liquidity following weeks of money quitting the market.
The main index of Tehran Stock Exchange, TEDPIX, gained 18,635 points and climbed 1.29% to finish trade at 1,467,100.
The TSE’s equal-weighted index gained 1.6%, indicating that small caps outperformed.
The top winners were investment firms plus bank, auto and spare part stocks as the market responded to reports about the revival of Iran’s nuclear deal, which usually impacts the performance of banks and auto stocks.
However, most commodity and export-based stocks faltered as the decline in currency rates undermined investor sentiment.
More than 78% of stocks gained comprising 479 tickers while 139 others closed in negative territory.
Retail trade jumped 54% on the session before to reach 32.96 trillion rials on Saturday. About 7.25 billion shares worth 43.68 trillion rials ($140.6 million) changed hands at TSE for the day.
Parsian Bank was the biggest winner as its shares went up 9.95% to 1,801 rials per share.
Piazar Agro Industrial Company incurred the biggest loss among all TSE-listed companies and went down 4.99% to 59,550 rials per share.
Nouri Petrochemical Company contributed the most to the benchmark's fall, followed by Pardis Petrochemical Company, Pars Petrochemical Company and Golgohar Mining and Industrial Company.
Mobarakeh Steel Company gave the biggest boost to the benchmark index, followed by Social Security Investment Company, National Iranian Copper Industries Company and Mellat Bank.
IFX Up 0.6%
Iran Fara Bourse main index, IFX, gained 113.92 points or 0.59% to close Saturday at the 19,264.78.
About 4.26 billion shares and securities worth 140.03 trillion rials ($451m) were traded at the junior equities exchange for the day.
Shiraz Oil Refining Company, Lavan Oil Refining Company, Damavand Power Generation Company and Iranian Reinsurance Company had the most negative impact on IFX.
Arya Sasol Polymer Company gave the biggest boost to IFX, followed by Bahman Diesel Company, Iranian Ghadir Iron and Steel Company and Saba Tamin Investment Company.
