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Business And Markets

Tehran Stocks Climb 

Tehran Stock Exchange's main index, TEDPIX was up 64,921.20 points or 3.04% on Saturday ending at 2,202,385.49. The TSE equal-weighted index gained 3.91%.

About 23.55 billion shares worth 163.27 trillion rials ($362.8 million) changed hands for the day. Trading at TSE and over-the-counter Iran Fara Bourse starts on Saturday and ends Wednesday.

Industry and Mine Leasing Company led the winning side as its shares jumped 7% to 5,031 rials per share. Isfahan Cement Company was the main laggard among all TSE-listed companies plunging 3.58% to 212,480 rials per share.

Persian Gulf Petrochemical Industries Company contributed the most to the benchmark's fall, followed by Isfahan Cement Company, Saipa Automaker Company and Iran Khodro Company.

Mobarakeh Steel Company gave the biggest boost to the benchmark index, followed by National Iranian Copper Industries Company, Social Security Investment Company and Omid Investment Management Group Company.

 

IFX Upsurge 3.32%

Iran Fara Bourse main index IFX gained 869.44 points or 3.32% to close Saturday at 27,059.48.

About 13.94 billion securities worth 663.57 trillion rials ($1.47 billion) were traded at the over-the-counter exchange for the day.

Day Bank had the highest number of traded shares at 1.01 billion worth 1.17 trillion rials ($2.6 million).

Rishmak Production and Export Company was in the lead in terms of growth among all IFB-listed companies climbing 7.55% to reach 29,200 rials per share.

The big loser was Pegah Golestan Dairy Company plunging 0.19% to reach 20,650 rials per share.

Arya Sasol Polymer Company gave the biggest boost to IFX, followed by Marun Petrochemical Company, Pasargad Insurance Company and Hormozgan Steel Company.