Economy, Business And Markets

TEDPIX Lands in Green

TEDPIX Lands in GreenTEDPIX Lands in Green

Tehran Stock Exchange’s benchmark pulled up 180 points or 0.29% on Wednesday’s close to end at 61,389.8.

According to TSE data, the Price Index gained 70.50 points or 0.29% to close at 24,047.7. The First Market Index increased 141.90 points or 0.33% to settle at 42,533.7. The Second Market Index pulled up 304.70 points or 0.22% to end at 136,700.7. The Industry Index was up 164.40 points or 0.33% to settle at 50,640.8.

The Free Float Index climbed 245.58 points or 0.36% to close at 67,674.70. The TSE 30 Index inched up 8.20 points or 0.31% to reach 2,622.1 and the TSE 50 Index rose 6.80 points or 0.27% to end at 2,510.

More than 280 million shares worth $17.9 million changed hands with trade volume and value registering 23% and 13% growth compared to the previous trading day, respectively.

About 50% of the listed companies weighed on the benchmark. Golgohar Industrial and Mining Company with 10.1 points was the primary laggard followed by Chadormalu Industrial and Mining Company and Iran Khodro Industrial Group with 9.59 and 5.33 respectively.

Pardis Petrochemicals Company with a P/E ratio of 6 and 63.67 points provided the biggest boost to TEDPIX, tailed by Kavir Tire Company and Isfahan’s Mobarakeh Steel Company with 31.82 and 31.56 points respectively.

  IFB Gauge Up 1.43%

More than 83 million securities were traded at Iran Fara Bourse on Wednesday valued at over $123.6 million. The main index IFX climbed up about 9.5 points or 1.43% to close at 673.14.

Iranian Investment Petrochemical Group recorded the highest daily trade volume with 6.9 million shares transacted. The highest value among listed companies at IFB went to Tehran Oil Refining Company as $5.6 million worth of its shares changed hands.

Zayandeh Rood Housing Investment Company and Lavan and Tehran Oil Refining Companies recorded the highest rise in shares’ value. Shirvan Sugar Company, Chaharmahal Sugar Company and Kosar Insurance posted the highest decline in value.

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

Etemad Fund with 1.21 million shares outperformed other listed exchange-traded funds. In addition, 54,054 Murabaha leasing bonds of Mega Motor Company with three-month maturity were sold out.