Economy, Business And Markets

Stocks Inch Up

Stocks Inch Up
Stocks Inch Up

The Tehran Stock Exchange main index (TEDPIX) edged up briefly on Sunday to close the second trading day in green, with most indices contributing to the benchmark’s lift.

As the equity market is grappling with ambiguity over the outlook of the listed industries at the TSE, stocks have been seesawing in the past few days. The TEDPIX lost more than 9.3 percent in the past six months.

According to the TSE’s website, the TEDPIX was up 19.8 points or 0.03 percent to 71,791.5. The first market index gained 48.8 points or 0.09 percent to 52,734.9. The second market index lost 177.6 points or 0.12 percent to 142,186.4. The free floating index inched up 15.7 points or 0.02 percent to finish at 80,847.7. The industry index rose briefly by a 7.5 points or 0.01 percent to 60,928.1, and the blue chip index was down 2.4 points or 0.07 percent to 3,282.4.

Investors of Niroo Investment Company’s shares were happy on Sunday, as their shares had the most value increase compared with the other stocks at the TSE.

Investors lined up for the Omran Fars Company shares, while the unsettled investors of Jooshkab Yazd Industrial Company were unimpressed as their shares’ value took the heaviest drubbing among other stocks.

MAPNA Group had the most profitable trading day as it left the highest positive impact on the TEDPIX with a 37.36 percent rise, while Mobile Telecommunication Company of Iran (Hamra-Aval, MCI) had a gloomy day as it contributed negatively to the TEDPIX trend by 37.81 percent.