Economy, Business And Markets

TEDPIX Snaps Losing Streak

TEDPIX Snaps Losing Streak
TEDPIX Snaps Losing Streak

After three days of retreat, Tehran Stock Exchange’s benchmark pulled up 69.9 points or 0.11% at Monday’s close to end at 61,233.6.

As TSE data illustrate, most indices stood in the green territory and helped lift TEDPIX, with the Free Float Index leaving the most positive impact on the TSE gauge.

The Price Index added 27.3 points or 0.11% to close at 23,986.5. The First Market Index gained 83.5 points or 0.2% to settle at 42,457.5. The Second Market Index lost 40.3 points or 0.03% to close at 136,173.7. The Industry Index advanced 34.3 points or 0.07% to reach 50,473. The Free Float Index pulled higher 167 points or 0.25% to stand at 67,561.8. The TSE 30 Index was up 8.2 points or 0.31% to end at 2,614.1 and the TSE 50 Index notched up 3.8 points or 0.15% to close at 2,502.4.

Almost 46% of listed companies gained at the day’s close. Bandar Abbas Oil Refining Company with 17.7 points gave the biggest boost to the benchmark followed by Bank Pasargad and Mobarakeh Steel Company with close to 14 and 12 points respectively.

Omid Investment Group Corporation with 10.5 points came in as the biggest market laggard followed by Mobile Telecommunications Company of Iran and Persian Gulf Petrochemical Industries Company with 6.44 and 5.78 points respectively.

Meanwhile, SENA reported that more than 1 million shares of governmental companies worth $54,823 went public by Iran Privatization Organization through the equity market during the Iranian month ending September 22.

  IFX Pulls Back

Iran Fara Bourse’s overall index, however, failed to break its fifth consecutive day in red and slipped 0.72% point or 0.11% to end at 658.76.

According to IFB, 77 million securities changed hands in 15,833 transactions valued at $23.74 million.

Shirvan Sugar Company with transaction of 350,000 shares and Marun Petrochemical Company with daily trade value of $1.48 million recorded the highest daily trade volume and value respectively.

The highest daily rise in shares value was registered for Pegah Fars Milk Company, Niroo Sarmayeh Company and Lavan Oil Refining Company.

Shirvan Sugar Company and Shahroud Industrial Company were accompanied by the highest retreat in value.

Shirvan Sugar Company, Isfahan Steel Company, Iranian Petrochemical Investment Group, Bank Day, Pardis Housing Investment Company, Lavan Oil Refining Company and Tehran Oil Refining Company were on investors’ radar.

The Fixed-Income Market witnessed the sales of 306,533 leasing bonds with a three-month maturity.

Etemad Fund filed the highest daily trade value among listed exchange-traded funds at IFB.