Tehran stocks closed trading week Wednesday in negative territory amid lingering sell-side pressure.
The benchmark of Tehran Stock Exchange, TEDPIX, lost 8,101.69 points or 0.56% to end at 1,451,399.24.
Selloff pressure on large caps dragged down the TSE-30 index by 0.86%. The index tracks the performance top 30 publicly traded companies in terms of market cap.
Like past sessions, small caps outperformed and pushed up the TSE’s equal-weighted index by more than 0.1%.
Retail trade dropped by 2% to reach 38.21 trillion rials ($128 million) on Wednesday. About 8.99 billion shares worth 51.77 trillion rials ($178.5m) changed hands at TSE for the day.
Trading at TSE and junior equities exchange Iran Fara Bourse starts on Saturday and ends Wednesday.
The main winner was the financial intermediary company that manages the TSE. Its shares went up 7.15% to 5,052 rials per share.
Navard Aluminum Manufacturing Group Company incurred the biggest loss among all TSE-listed companies and went down 4.98% to 24,240 rials per share.
Persian Gulf Petrochemical Industries Company contributed the most to the benchmark's fall, followed by Bandar Abbas Oil Refining Company, Pardis Petrochemical Company and Esfahan Oil Refining Company.
Iran Khodro Company gave the biggest boost to the benchmark index, followed by carmaker SAIPA, Tejarat Bank and Bank Saderat.
IFX Down 0.3%
Iran Fara Bourse main index, IFX, lost 57.47 points or 0.3% to close Wednesday at the 19,044. About 3.05 billion shares and securities valued at 162.01 trillion rials ($558.6m) were traded at junior equities exchange for the day.
Zagros Petrochemical Company, Arya Sasol Polymer Company, Lavan Oil Refining Company and Shiraz Oil Refining Company had the most negative impact on IFX.
Pasargad Insurance Company gave the biggest boost to IFX, followed by Damavand Power Generation Company, Peyvand Gostar Pars Electricity and Energy Company and Alborz Distribution Company.
