Economy, Business And Markets
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TSE Stocks Mixed

TSE Stocks MixedTSE Stocks Mixed

A bumpy ride at Tehran Stock Exchange on Sunday ended with TEDPIX picking up 9.6 points or 0.01% to close at 64,506.6.

According to TSE data, the Price Index inched up 3.8 points or 0.01% to 25,500.2. The First Market Index rose 58.1 points or 0.13% to 45,801.1. The Second Market Index slipped 259.5 points or 0.19% to settle at 137,483.5. The Industry Index was down 4.4 points or 0.01% to end at 52,955.2. The Free Float Index gained 80.2 points or 0.11% to 73,058.1. The TSE 30 Index added 4.5 points or 0.16% to 2,853 and the TSE 50 Index inched up 0.4 point or 0.02% to stand at 2,647.8.

Trade volume and value surged dramatically as 818 million shares changed hands valued at $42.3 million to post more than 100% growth in daily trade volume and value.

Around 54% of listed companies underperformed. Persian Gulf Petrochemical Industry Company with -27 points was the main market laggard followed by Tamin Petroleum & Petrochemical Investment Company and Iran Khodro with -21.24 points and -10.33 points respectively.

Behran Oil Company with a PE ratio of 4 and 19.86 points provided the biggest boost to TEDPIX, followed by National Iranian Copper Industries Company and Ghadir Investment Company with 19.18 and 11.72 points respectively.

  IFB Benchmark Retreats

More than 392 million securities were traded at Iran Fara Bourse on Sunday valued at over $27.05 million, as the main index IFX retreated 6.9 points or 0.93% to close at 731.52.

Middle East Mines and Mineral Industries Development Holding Company recorded the highest daily trade volume and value among listed companies at IFB with 7.9 million shares transacted worth $626,470.

Shirvan Sugar Company, Tabas Coal Company and Novin Insurance Company recorded the highest rise in shares’ value. Mihan Insurance Company and GTS Iranian Company posted the highest decline in value.

Isfahan Steel Company, Iran Petrochemical Investment Company, Bank Bay, Sina Port and Maritime Company, Tehran Oil Refining Company and Tehran Housing Investment Company were on investors’ radar.

Etemad Fund with 4.8 million shares outperformed other listed exchange-traded funds. In addition, 28,743 Murabaha bonds of Mega Motor Company with three-month maturity were sold out.

Financialtribune.com