Economy, Business And Markets

Stocks Register More Gains

Stocks Register More GainsStocks Register More Gains

Stocks maintained ground and extended their winning streak at the Tehran Stock Exchange (TSE), with the overall index edging up 0.02 percent at Saturday's close to linger at the 65,000-point mark.

The TEDPIX has maintained its tiny uptrend since January 24, and posted around 1 percent growth during 11 days of consecutive gains.

According to TSE data, the early rally at the equity market was reversed on Saturday, although the benchmark managed to notch up 15.6 points or 0.02 percent to settle at 65,787.2. The first market index inched down 6.1 points or 0.01 percent to 48,482.3. The second market index gained 146.6 points or 0.11 percent to stand at 129,256.6. The free float index rose 106.8 points or 0.14 percent to 75,234.5. The industry index pulled higher 36.5 points or 0.07 percent to 55,074.6, and the blue chip index slipped 3.3 points or 0.11 percent to end at 2,944.4.

More than 705 million shares changed hands in a seesaw trading day, valued at almost 1.8 trillion rials. The uncertainties prevailing the equity market weigh on both trade volume and value.

Persian Gulf Petrochemical Industry Company with the Price Earnings ratio (P/E) of 5.2, and almost 12.7 points negative contribution to the TDEPIX, had the most market value.

Mobile Telecommunication Company of Iran (MTCI) and Telecommunication Company of Iran took the second and third place respectively.

The MTCI left the most positive impact on the benchmark. Pardis Petrochemical Company and Ghadir Investment Company with close to 16 and 13.5 point stood next to the MTCI.