Large-Cap Stocks Drag Down TEDPIX
Economy, Business And Markets

Large-Cap Stocks Drag Down TEDPIX

Tehran Stock Exchange’s overall index dropped on Sunday amid downbeat performance of 64% of listed companies, including companies with the highest market cap.
TEDPIX snapped a three-day winning streak and slipped 299.2 points or 0.45% to stand at 66,530.5, according to TSE data.
The price index was down 119 points or 0.45% to end at 26,456.9. The First Market Index fell 261.2 points or 0.55% to close at 47,611.3. The Secondary Market Index notched won 347.5 points or 0.25% to 139,679.5. The Industry Index slid 245.6 points or 0.456% to 54,559.4. The Free Float Index fell 420.48 points or 0.55% to 75,628.6. The TSE 30 index lost 18 points or 0.6% to 2,957.6 and the TSE 50 index retreated 12.9 points or 0.47% to settle at 2,725.9.
Despite the benchmark’s pullback, trade volume and value registered tangible increase. More than 648 million shares changed hands valued at about 59 million to post close to 25% and 45% uptick in daily trade volume and value respectively compared to the previous trading day.
Mobile Telecommunications Company of Iran with the PE ratio of 4 and 32.07 points provided the biggest boost to TEDPIX followed by Bank Karafarin and Iran Transfo Company with 16 and 12 points respectively.
National Iranian Copper Industries Company with -80.29 points was the biggest market laggard followed by Pardis Petrochemical Company, and Islamic Republic of Iran Shipping Lines with -64 and -39 points respectively.

Short URL : http://goo.gl/CWVugo

You can also read ...

Europe May Tap Cryptocurrencies to Shield Iran Against US Sanctions
The European Union may opt for digital currencies in its...
Iran’s net hot-rolled coil consumption was 5.6 million tons in 2017, of which 0.8 million tons were imported.
Russia and Kazakhstan are temporarily stepping back on sales...
Secondary Forex Market: Corruption Loopholes Abound
Two goals set have been set for the recent establishment of...
EU foreign policy chief, Federica Mogherini, hailed the imposition of the blocking statute on Monday as a “consistent step forward”.
As it races to save the Iran nuclear deal, the European Union...
Deputy Economy Minister Defends Gov’t Forex Policy
The government’s policy to allocate dollars and euros to...
Plastic Production Plant Launched in Chabahar
A factory producing different kinds of plastic products was...
Colza Production Exceeds Expectations
The government has purchased more than 300,000 tons of colza...
Interbank Rate Tweak to Impact Interest Rates
Officials at the Central Bank of Iran have announced the...