Economy, Business And Markets

TSE Bumpy Ride Ends Flat

TSE Bumpy Ride Ends FlatTSE Bumpy Ride Ends Flat

Tehran Stock Exchange’s benchmark edged down 9.8 points or 0.02% to settle at 62,254.7 on the first weekday.

Most indices wrapped up the fluctuating trading day in red, with the Free Float Index leaving the most negative impact on TEDPIX.

According to TSE data, the Price Index slipped 3.8 points or 0.02% to reach 24,440.6. The First Market Index fell 14.8 points or 0.03% to stand at 43,342.7. The Second Market Index gained 23.8 points or 0.02% to close at 137,453.8. The Free Float Index slipped 65.77 points or 0.095 to settle at 69,460.5. The Industry Index retreated 29.2 points or 0.06% to end at 51,149.3. The TSE 30 Index inched up 0.6 point or 0.02% to close at 2,673.5 and the TSE 50 Index ticked up 0.7 point or 0.03% to reach 2,539.

More than 247 million shares changed hands valued at about $13 million with trade volume and value registering a new low.

Close to 45% of listed companies weighed on TEDPIX. Bandar Abbas Oil Refining Company with 31.88 points was the biggest of laggards followed by Mapna Group and Persian Gulf Petrochemical Industry Company with 30 and 11 points respectively.

Telecommunications Company of Iran with a P/E ratio of 4 and 46 points provided the biggest boost to TEDPIX. Islamic Republic of Iran Shipping Lines and Bank Saderat with 16 and 15 points took the second and third place respectively.