Economy, Business And Markets

TEDPIX Stays in Green

TEDPIX Stays in GreenTEDPIX Stays in Green

Tehran Stock Exchange ended Wednesday’s sluggish trade in green as TEDPIX climbed 33 points or 0.05% at the day’s close to settle at 63,175.

According to TSE data, the Price Index inched up 12.90 points or 0.05% to close at 24,744.5. The First Market Index jumped 47.20 points or 0.11% to reach 44,053.5. The Second Market Index lost 64.70 points or 0.05% to settle at 139,082.3. The Industry Index increased 79.20 points or 0.15% to stand at 52,057.4.

The Free Float Index shed 72.32 points or 0.10% to close at 70,342.30. The TSE 30 Index rose 3.80 points or 0.14% to end at 2,729.3 and the TSE 50 Index inched up 2.90 points or 0.11% to end at 2,585.1.

More than 310 million shares were transacted valued at $21.5 million to record 34% and 20% decrease in volume and value respectively compared to Tuesday.

About 61% of listed companies weighed on TEDPIX. Bandar Abbas Oil Refining Company with 23.92 points was the main laggard followed by Iran Khodro–largest auto manufacturer in Iran–with 21.36 points and Bank Mellat with 18.49 points.

Parsian Oil and Gas Development Company, with a P/E ratio of 6 and 85.18 points, provided the biggest boost to the benchmark. Ghadir Investment Company and Bank Karafarin with 42.44 and 16.5 points came next respectively.

 IFX Down 0.73%

Iran Fara Bourse’s overall index inched down 5.17 points or 0.73% to end at 701.57.

According to IFB, more than 141 million securities valued at $28.2 million were traded.

The highest trade volume was recorded for Iran Cultural Heritage and Tourism Investment Group Company with 5.9 million shares.

Maroon Petrochemicals Company registered the highest trade value with more than $2.2 million worth of shares changing hands.

The highest increase in shares’ value was recorded for Taknar Copper Company, Shahrood Industrial Company and Iran Cultural Heritage and Tourism Investment Group Company.

Tabas Parvardeh Coal Company, Ravan Fanavar Company and Fars Construction and Development Company recorded the highest decrease in value.

Tehran Oil Refining Company, Lavan Oil Refining Company, Iran Petrochemicals Investment Group, Bank Day, Shirvan Sugar Company and Iran Cultural Heritage and Tourism Investment Group Company were on investors’ radar.

Etemad Fund, with the transaction of 5.9 million units, registered the highest trade volume among listed exchange-traded funds.

Furthermore, 141,790 leasing bonds of MAPNA group with three-month maturity were sold out.