Business And Markets

Stocks Hit Pause

Stocks Hit Pause
Stocks Hit Pause

Share prices in Tehran stumbled on Sunday bucking a rising trend that started two weeks ago. 
Tehran Stock Exchange's main index, TEDPIX, lost 6,956.5 points or 0.49% on Sunday to end at 1,419,140.15.
The TSE equal-weighted index lost 0.02%. About 7.84 billion shares worth 41.12 trillion rials ($141.81 million) changed hands for the day. Trading at TSE and over-the-counter Iran Fara Bourse starts on Saturday and ends Wednesday.
Bahman Investment Company led the winner’s list as its shares jumped 6.74% to 2,757 rials per share.
Iran Zinc Mines Development Company was the big loser among all TSE-listed companies plunging 4.02% to 20,270 rials per share.
Mobarakeh Steel Company contributed the most to the benchmark's fall, followed by National Iranian Copper Industries Company, Social Security Investment Company and Golgohar Mining and Industrial Company.
Esfahan Oil Refining Company gave the biggest boost to the benchmark index, followed by Kharg Petrochemical Company, Fanavaran Petrochemical Company and Parsian Oil and Gas Development Group Company.



IFX Falls 0.09%

Iran Fara Bourse main index IFX lost 17.46 points or 0.09% to close Sunday at 18,524.07. About 4.37 billion securities worth 141.18 trillion rials ($486.85m) were traded at the over-the-counter exchange for the day.
Day Bank had the highest number of traded shares at 472.08 million worth 307.87 billion rials ($1.06m).
Rayan Ham-Afza Company was in the lead in terms of growth among all IFB-listed companies climbing 6.59% to reach 48,550 rials per share.
The main loser was East Minoo Food Industrial Company plunging 5.46% to reach 6,930 rials per share.
Lavan Oil Refining Company, Iranian Ghadir Iron and Steel Company, Damavand Power Generation Company and Iran Fara Bourse had the most negative impact on IFX.
Zagros Petrochemical Company gave the biggest boost to IFX, followed by Arya Sasol Polymer Company, Iranian Reinsurance Company and Saman Insurance Company.

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