Economy, Business And Markets

TSE Ends Flat

TSE Ends FlatTSE Ends Flat

Most of the listed companies in Tehran Stock Exchange weighed on the benchmark on Wednesday. However, the benchmark ended in green on Mobile Telecommunications Company of Iran’s trading.

According TSE data, TEDPIX went up 28.9 points or 0.04% to close at 65,218.3. The Price Index edged up 11.4 points or 0.04% to settle at 25,847. The First Market Index lost 51.3 points or 0.11% to end at 46,217.2. The Second Market Index gained 456.2 points or 0.33% to stand at 139,487.2. The Industry Index ticked up 17.8 points or 0.03% to 53,784.6. The Free Float Index inched up 45.3 points or 0.06% to 73,588.6. The TSE 30 Index was down 2.5 points or 0.09% to 2,874.5 and the TSE 50 Index rose 1.7 points or 0.06% to close at 2,674.

More than 449 million shares changed hands valued at $35.99 million to post a tiny increase compared to Tuesday trade.

Mobile Telecommunications Company of Iran with the trade 797,294 shares valued at $684,848 and 66.27 points provided the biggest boost to TEDPIX followed by Bank Ansar and Parsian Oil & Gas Development Group with 16 and 12 points respectively.

Isfahan Oil Refining Company with a PE ratio of 6 and -28.77 points had the most negative impact on the benchmark followed by Bank Mellat and National Iranian Copper Industries Company with -18.56 and -18.13 points.

Given the lingering uncertainties about oil and base metal prices, global slowdown and the prevailing recession inside the country, the equity market is not expected to prosper in the short run.

  IFX Extends Retreat

Iran Fara Bourse’s overall index IFX extended its downtrend on Wednesday and slipped 5.48 points or 0.73% to settle at 749.71.

More than 90 million securities were traded in 11,079 transactions valued at $53.75 to register a tangible growth in trade value.

Bank Day with 11.2 million shares and $574,545 in daily trade value recorded the highest trade value among listed companies at IFB.

Omran Shahed Company, Shirvan Sugar Company and Fanava Company registered the highest rise in shares’ prices. Tehran Oil Refining Company’s rights offerings, Novin Insurance Company’ shares and Sina Port and Maritime Company’s trade recorded the highest retreat in value.

The highest trade volume among listed exchange-traded funds was recorded for Etemad Fund. The Fixed-Income Market witnessed the sales of 300,200 leasing bonds with a three-month maturity.