Economy, Business And Markets

TEDPIX Settles in Green

TEDPIX Settles in GreenTEDPIX Settles in Green

After the recent bumpy rides at the equity market, most of the listed companies outperformed at Saturday’s close, propping up the benchmark to recover a tiny part of the losses incurred within the past few months.

According to TSE data, TEDPIX rose 249 points or 0.4 percent to stand at 62,571.2. The first market index notched up 256.5 points or 0.57 percent to 75,015. The second market index inched up 38.7 points or 0.03 percent to 129,923.7. The free float index gained 472.6 points or 0.67 percent to 71,232.3. The industry index ticked up 97.2 points or 0.19 percent to 51,578.3 and the blue-chip index was up 17.6 points or 0.62 percent to 2,855.9.

Trade volume and value remained very low with around 305 million shares changing hands valued at $14.1 million.

Around 55 percent of listed companies had a positive contribution to TEDPIX with the banking sector on top of outperformers.

Bank Mellat with 74.48 points had the most positive contribution to the benchmark. Mapna Group and Bank Saderat with 69 and 26 points respectively followed Bank Mellat.

Barez Industrial Group with PE of 3.7 and 36.21 points was the biggest market laggard. Fanavaran Petrochemical Company and the Islamic Republic of Iran Shipping Lines with 7.16 and 7.07 points took the second and third place respectively.