Economy, Business And Markets

TEDPIX Ends in Green

TEDPIX Ends in GreenTEDPIX Ends in Green

Tehran Stock Exchange snapped out of its dramatic recession on Tuesday when TEDPIX gained 248.80 points or 0.41% to reach 61.576.8.

According to TSE data, the Price Index gained 97.50 points or 0.41% to end at 24,121. The First Market Index inched up 226.80 points or 0.53% to settle at 42,752.7. The Second Market Index was up 250.20 points or 0.18% to end at 163,616.2. The Industry Index increased 153.10 points or 0.30% to 50,660.6. The Free Float Index jumped 440.03 points or 0.65% to close at 68,251.10. The TSE 30 Index gained 15.50 points or 0.59% to end at 2,631.5 and the TSE 50 Index rose 11.80 points or 0.47% to reach 2,512.2.

More than 1 billion shares worth about $83 million changed hands with trade volume and value registering a dramatic increase compared to Monday.

About 40% of the listed companies weighed on the benchmark. Isfahan’s Mobarakeh Steel Company with 10.51 points was the main sluggard dragging TEDPIX down followed by Ta’min Oil, Gas and Petrochemicals Investment Company and Fars & Khuzestan Cement Company with 9.14 and 8.93 points respectively.

Bandar Abbas Oil Refining Company with a P/E ratio of 16 and 41.26 points provided the biggest boost to TEDPIX, followed by Parsian Oil and Gas Development Company and Bank Saderat with 32.24 and 24.3 points respectively.

  IFX Snaps Losing Streak

More than 350 million securities traded at Iran Fara Bourse on Tuesday valued at over $1.3 billion, as the main index IFX gained about 10 points or 1.4% to close at 681.51.

Bank Day recorded the highest daily trade volume among listed companies at IFB as 4.9 million of shares changed hands, and Lavan Oil Refining Company registered the highest amount of daily trade value with $8 million worth of shares transacted.

Shomal Shargh Shahrood, Saman Insurance Company and Tadbirgaran-e Fars & Khuzestan Investment Company recorded the highest rise in shares’ value. Marjankar Company, Kharazmi Information Technology Company and Chahar mahal Sugar Company posted the highest decline in value.

Etemad Fund with 8,880 shares outperformed other listed exchange-traded funds. In addition, 205,110 leasing bonds of MAPNA Construction Company with three-month maturity were sold out.