Economy, Business And Markets

TEDPIX Ends Flat

TEDPIX Ends FlatTEDPIX Ends Flat

Tehran Stock Exchange’s benchmark continued its upward trend on Monday, albeit with a tepid gain. The TEDPIX added 55.30 points or 0.09% at the day’s close to end at 63,126.

According to TSE data, the Price Index was up 21.60 points or 0.09% to close at 24,726.4. The First Market Index inched down 58.00 points or 0.13% to reach 43,986.4. The Second Market Index pulled up 672.20 points or 0.49% to settle at 169,166.2. The Industry Index rose 193.90 points or 0.27% to stand at 51,926.3.

The Free Float Index shed 89.98 points or 0.12% to close at 70,488.80. The TSE 30 Index dropped 0.60 points or 0.02% to end at 2,724.4 and the TSE 50 Index was up 2.80 points or 0.11% to end at 2,580.7.

More than 445 million shares changed hands valued at $47.3 million to record a 44% drop in trade volume and a 20% increase in trade volume compared to Sunday.

About 62% of listed companies weighed down the benchmark. Bandar Abbas Oil Refining Company with 25.86 points was the biggest laggard followed by Bank Tejarat with 19.03 points and Bank Mellat with 16.65 points.

Persian Gulf Petrochemicals Industries Company, with a P/E ratio of 6 and 121.56 points, provided the biggest boost to TEDPIX. Parsian Oil and Gas Development Company and Iran Transfo Company, with 57.15 and 11.83 points, ranked second and third respectively.

  IFX in Red

Iran Fara Bourse’s overall index dropped 13.51 points or 1.86% to end at 713.06.

More than 68 million securities were traded in 13,070 transactions valued at $10 million, the IFB reported.

The highest trade volume was recorded for Iranian Petrochemical Investment Company with 8.8 million shares.

Lavan Oil Refining Company registered the highest trade value with more than $350,000 worth of shares changing hands.

The highest rise in shares’ value was filed for Ballast Company, Tadbirgaran Fars and Khuzestan Company and Arman Insurance Company.

Minoo Industrial Group, Arfa Iron and Steel Company and Zagros Petrochemicals Company recorded the highest drop in value.

Isfahan Steel Company, Iran Petrochemicals Investment Company, Bank Day, TUKA Refractories Production and Services Company, Tehran Oil Refining Company, Lavan Oil Refining Company and Shirvan Sugar Company were on investors’ radar.

Etemad Fund, with the transaction of 157,430 units, registered the highest trade volume among listed exchange-traded funds.

In addition, 47,750 leasing bonds of RighTel Company were sold out.