Economy, Business And Markets

Stocks Hit New Depth

Stocks Hit New Depth
Stocks Hit New Depth

Another bad trading day at Tehran Stock Exchange dramatically weighed on the benchmark to tumble 536 points or 0.8% to settle at 66,441.4. This is the TEDPIX’s seventh consecutive day in red.

Since the landmark nuclear deal was clinched on July 14, the main index has plunged 4.39%, much to the astonishment of investors.

TSE data illustrate that on Monday the price index was down 214 points or 0.8% to end at 26,526.6. The first market index lost 501.6 points or 1.04% to settle at 47,644.5. The second market index fell 419.4 points or 0.3% to 138,914.6. The free float index shed 790.21 points or 1.04% to close at 75,529.3. The TSE 30 index slipped 29.7 points or 0.99% to 2,958.7 and the TSE 50 index slid 22.9 points or 0.83% to 2,720.8.

More than 490 million shares changed hands, valued at $33.4 million to post a 20% surge in daily trade value.

Close to 70% of listed companies had a downbeat performance with the banking sector on top. Bank Tejarat with -132.93 points was the most crucial market laggard followed by Mapna Group and Bank Karafarin with -50 and -45 respectively.

Pharmaceuticals provided the biggest boost to TEDPIX. Darou Pakhsh Holding Company and Alborz Darou with around 8 and 5 points took the first and second place respectively.