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Business And Markets

Tehran Stocks Fall 1.5%

Tehran Stock Exchange main index TEDPIX continued to slide  Monday to finish the day below the critical 1.3 million points.

TEDPIX lost 19,060.32 points or 1.47% to end trade at 1,277,736.85. This was the biggest decline in 30 days. 

About 4.40 billion shares worth 23.8 trillion rials ($82.05 million) changed hands at TSE for the day. Trading at TSE and over-the-counter Iran Fara Bourse starts on Saturday and ends Wednesday.

Iranian Leasing Company was the main winner as its shares went up 5.26% to 3,084 rials per share.

MAPNA Group Company incurred the biggest loss among all TSE-listed companies plunging 7% to 13,420 rials per share.

Mobarakeh Steel Company contributed the most to the benchmark's fall, followed by Chadormalu Mining And Industrial Company, MAPNA Group Company and Persian Gulf Petrochemical Industries Company.

Bandar Abbas Oil Refining Company gave the biggest boost to the benchmark index, followed by Zamyad Automotive Company, Omid Development and Construction Company and Azarbayjan Investment Development Company.

 

IFX Down 0.74%

Iran Fara Bourse main index IFX lost 131.48 points or 0.74% to close Monday trade at the 17,651.43.

About 4.18 billion securities worth 1,476.51 trillion rials ($5.09 billion) were traded at the over-the-counter exchange for the day.

Day Bank had the highest number of traded shares at 358.51 million worth 230.75 billion rials ($795,693).

Ghiam Isfahan Agricultural and Livestock Company ranked first with the highest growth among all IFB-listed companies with 6.01% rise to reach 1,906 rials per share.

Dena Afarin Fadak Food Preparation and Distribution Company was the big loser falling 6.95% to reach 6,690 rials per share.

Iranian Ghadir Iron and Steel Company, Zagros Petrochemical Company, Hormozgan Steel Company and Saba Tamin Investment Company had the most negative impact on IFX.

General Mechanic Company gave the biggest boost to IFX, followed by Ghiam Isfahan Agricultural and Livestock Company, Rail Pardaz Noafarin Company and Daroupakhsh Distribution Company.