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TSE Stocks End Lower Amid Overreactions

TSE Stocks End Lower Amid OverreactionsTSE Stocks End Lower Amid Overreactions

Tehran Stock Exchange’s benchmark settled in red at Wednesday’s close amid overreactions to lingering nuclear negations between Iran and world powers. TEDPIX ticked down 60.77 points or 0.09 percent to close at 64,861.80.

According to TSE data, the first market index slipped 50.4 points or 0.11% to 46,706.3. The second market index edged down 67.3 points or 0.05% to 134,425.7. The free float index declined 111.9 points or 0.15% to 74,444.4. The industry index was down 51 points or 0.1 percent to 52,965.7 and the blue-chip index lost 7.8 points or 0.26 percent to 2,960.7.

Trade volume and value remained at the same level as that of the prior day with more than 733 million shares changing hands valued at almost $46 million.

 Islamic Republic of Iran Shipping Lines outperformed again and with 33.9 points topped the list of positive contributors to TEDPIX. Bandar Abbas Oil Refining Company and Mapna Group with 23 and 22 points took the second and third place respectively.

National Iranian Copper Industries Company with 68.8 points was the biggest laggard to the benchmark followed by Tamin Petroleum & Petrochemical Investment Company and Golgohar Mining and Industrial Company with 23 and 46 points respectively.

Financialtribune.com