Economy, Business And Markets
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Stocks End Nearly Flat

Stocks End Nearly FlatStocks End Nearly Flat

Tehran Stock Exchange’s main index TEDPIX wrapped up a seesaw trading day in green, notching up 18.1 points or 0.03 percent at Wednesday’s close.

According to TSE data, the first market index rose 81.7 points or 0.17 percent to 46,767.9. The second market index slipped 392 points or 0.29 percent to close at 133,996. The free float index edged up 3.9 points or 0.01 percent to end at 74,401.4. The industry index rose 38.3 points or 0.07 percent to 53,092.6 and the blue-chip index was down 9.9 points or 0.33 percent to 2,961.8.

More than half of the listed companies weighed on TEDPIX with petrochemicals on top. However, refining companies outperformed and wiped out most of the losses incurred on Wednesday.

The TSE’s trade volume and value slightly retreated compared with the previous trading day, with more than 739 million shares changing hands valued at close to 51 million.

Bandar Abbas Oil Refining Company with the PE ratio of 2.4 and 58 points left the most positive impact on the benchmark. Esfahan Oil Refining Company and Bank Karafarin with 54 and 29 points took the second and third place respectively.

Parsian Oil and Gas Development Company with 39.82 points had the biggest impact on TEDPIX. Tamin Petroleum & Petrochemical Investment Company and Persian Gulf Petrochemical Industry Company with 38 and 25 points respectively came next.

Financialtribune.com