Economy, Business And Markets

TEDPIX Drops to Record Low

TEDPIX Drops to Record LowTEDPIX Drops to Record Low

Tehran Stock Exchange’s overall index recorded its biggest retreat since June 9 at Sunday’s close amid growing uncertainties in the runup to the end-of-June deadline for the ongoing nuclear talks between Iran and world powers.

According to TSE data, TEDPIX tumbled 510.8 points or 0.79 percent to close at 64,310.4. The first market index pulled back 408.2 points or 0.87 percent to 46,290. The second market index slipped 805.7 points or 0.6 percent to end at 133,327. The free float index dropped 709.2 points or 0.95 percent to 73,635.3. The industry index lost 375.3 points or 0.71 percent to 52,642.2 and the blue-chip index was down 21.1 points or 0.71 percent to 2,941.6.

TSE’s sluggish trade was accompanied by low trade volume and value as more than 372 million shares changed hands valued at $23.1 million.

More than 72 percent of listed companies had a downbeat performance with the banking sector and oil refining companies on top.

Bandar Abbas Oil Refining Company with close to 74 points had the most negative impact on TSE gauge. Bank Mellat and Bank Saderat with around 35 and 32 points took the second and third place respectively.