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Business And Markets

Stocks Log New Losses

Tehran Stock Exchange's main index, TEDPIX, lost 54,209.72 points or 2.35% on Sunday to end at 2,257,012.82 and the TSE equal-weighted index plunged 3.38%.

About 14.1 billion shares worth 112.04 trillion rials ($248.98 million) changed hands for the day. Trading at TSE and over-the-counter Iran Fara Bourse starts on Saturday and ends Wednesday.

Etebar Iran Investment Company led the winner’s list as its shares jumped 5.74% to 7,180 rials per share. Kowsar Pharmaceutical Company was the big loser among all TSE-listed companies plunging 7% to 11,960 rials per share.

Mobarakeh Steel Company contributed the most to the benchmark's fall, followed by Chadormalu Mining And Industrial Company, Social Security Investment Company and Nouri Petrochemical Company.

Middle East Mines and Mineral Industries Development Holding Company gave the biggest boost to the benchmark index, followed by Persian Gulf Petrochemical Industries Company, Zamyad Automotive Company and Isfahan Cement Company.

*** IFX Decline Persists 

Iran Fara Bourse main index IFX lost 737.06 points or 2.54% to close Sunday at 28,304.52.

About 7.44 billion securities worth 273.75 trillion rials ($608.34 million) were traded at the over-the-counter exchange for the day.

Kerman Province Development Investment Company had the highest number of traded shares at 477.42 million worth 704.37 billion rials ($1.56 million).

Mobin One Kish Company was in the lead in terms of growth among all IFB-listed companies climbing 6.97% to reach 26,850 rials per share. The big loser was Khazar Caspian Wood Industry Company plunging 7% to reach 88,350 rials per share.

Arya Sasol Polymer Company, Sepehr Saderat Financial Group Investment Company, Hormozgan Steel Company and Zagros Petrochemical Company had the most negative impact on IFX.

Bahar Rose Alis Chenaran Company gave the biggest boost to IFX, followed by Marun Petrochemical Company, Pouya Investment Company and Chlor Pars Company.