Stocks continued to extend earlier gains on Wednesday, amid rising demand for the equities of small companies.
The main index of Tehran Stock Exchange, TEDPIX, gained 668 points, or 0.27%, to end trading week at 248,943 points.
Investors were mainly interested in buying equities offered by pharmaceutical, ceramic and machinery companies. This is while stocks owned by major listed companies in steel sectors were hit by selloff pressure.
On the international front, Chinese shares fell on Wednesday amid waning investor optimism over progress in trade negotiations between the United States and China, according to a Reuters report.
The Shanghai composite was lower by 0.94% to close at 3,015.26 and the Shenzhen component shed 1.32% to 9,419.84.
In Europe, the pan-European Stoxx 600 climbed 0.8% to hit its highest point since early May, travel and leisure stocks led gains with a 1.5% jump.
Market Performance
More than 4.3 billion shares valued at 17.17 trillion rials ($133.58 million) changed hands in TSE on Wednesday.
Trading at TSE and Iran Fara Bourse starts on Saturday and ends Wednesday.
Dashtestan Cement Complex was the biggest winner, as its shares went up 18.31% to 4,141 rials per share.
Indamin SAIPA Shock Absorber MFG. Company incurred the biggest loss among all TSE-listed companies and went down 4.56% to 3,789 rials per share.
It is the first manufacturing factory in Iran producing shock absorbers for heavy and light vehicles.
Persian Gulf Petrochemical Industries Company gave the biggest boost to the benchmark index, followed by Telecommunications Company of Iran, Civil Pension Fund Investment Company of Iran, MAPNA Group and Omid Investment Management Group Company.
Mobarakeh Steel Company contributed the most to the benchmark's fall followed by National Iranian Copper Industries Company, Chadormalu Mining and Industrial Company and Shazand Petrochemical Company.
The price index gained 188.37 points to close at 70,191.2.
First Market index was up 59.43 points to post 184,223.4.
Second Market index increased by 3,273.85 points to reach 491.605.9.
The Industry index went up by 442.46 points to register 222,651.5.
Free Float index was up 221.92 points to register 279,363.37.
The TSE 30 went down 44.72 points to settle at 11,249.7 and TSE 50 gained 3.37 points to finish lower at 10,105.6.
Iran Fara Bourse’s main index IFX rose 0.49% to close Wednesday trade at 3,213.53 points.
Over 1.85 billion securities valued at 7.27 trillion rials ($56.60 million) were traded at the junior exchange.
TSE’s Market Cap Up 112% in Q1
TSE’s total market capitalization amounted to 8,933 trillion rials ($69.51 billion) by the end of first quarter of the current fiscal year on June 21, to register a 112% growth compared with the same period of the last fiscal year.
As per the report published by Securities and Exchange News Agency, 83.1 billion shares worth 267.46 trillion rials ($2.08 billion) were traded in the market during the month to June 21, which indicates a 25% and 10% decline respectively compared to the previous month.
In addition, TEDPIX jumped 9% during the period to reach 234,897 points and witnessed a 33% growth in Q1.
