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TEDPIX Gains on Block Trade

TEDPIX Gains on Block TradeTEDPIX Gains on Block Trade

Tehran Stock Exchange’s overall index wrapped up another sluggish trading day in green with Ghadir Investment Company’s block trade barely lifting TEDPIX to gain 25.2 points or 0.04% to settle at 64,276.2 on Wednesday.

According to TSE data, most indices edged up with Free Floating Index providing the biggest boost to benchmark.

The Price Index picked up 9.9 points or 0.04% to 25,409.1. The First Market Index rose 23.1 points or 0.05% to end at 45,511. The Second Market Index advanced 25.6 points or 0.02% to 137,684.6. The Industry Index was down 13.1 points or 0.02% to stand at 52,874.9. The Free Float Index pulled up 86.3 points or 0.12% to 72,482.3. The TSE 30 Index climbed 1.3 points or 0.05% to 2,836.8 and the TSE 50 Index was up 1.7 points or 0.06% to close at 2,639.3.

More than 635 million shares changed hands valued at $31.9 million to post close to 25% and 26% growth in trade volume and value respectively compared to the previous trading day.

Around 36% of the 40 listed companies at the TSE gained with the financial sector on top. Isfahan Oil Refining Company with 15.82 points was the top gainer followed by Bank Mellat and Bank Saderat with 15 and 14 points respectively.

Informatics Services Corporation with PE ratio of 8 and -26.64 points was the most crucial laggard to TSE benchmark followed by Behran Oil and Shiraz Petrochemical Company with -19 and -5 points respectively.

Financialtribune.com