Economy, Business And Markets

TEDPIX Lands in Red

TEDPIX Lands in RedTEDPIX Lands in Red

Tehran Stock Exchange ended Sunday’s trade in red, as TEDPIX nosedived 382.20 points or 0.60% at the day’s close to settle at 62,792.8.

According to TSE data, the Price Index dropped 149.70 points or 0.61% to 24,592.6. The First Market Index plunged 329.40 points or 0.75% to 43,724.1. The Second Market Index plummeted 483.60 points or 0.35% to 138,598.4. The Industry Index shed 236.70 points or 0.45% to 51,820.7. The Free Float Index sank 578.00 points or 0.82% to 69,764.30. The TSE 30 Index lost 22.10 points or 0.81% to 2,707.2, and the TSE 50 Index fell 16.50 points or 0.64% to end at 2,568.

More than 140 million shares changed hands valued at $14.8 million to register a 55% and 32% drop in volume and value respectively compared to the previous trading day (Wednesday).

Around 72% of listed companies worked to drag down the TEDPIX. Parsian Oil and Gas Development Company with 87.06 points was the main laggard followed by Bandar Abbas Oil Refining Company with 49.12 points and Bank Mellat with 48.08 points.

Golgohar Mining and Industrial Company with a P/E ratio of 9 and 20.52 points provided the biggest boost to TEDPIX. Pardis Petrochemicals Company and Khuzestan Steel Company with 19.69 and 13.68 points came next respectively.

  IFX Down 0.17%

Iran Fara Bourse’s overall index shed 1.16 points or 0.17% to settle Sunday trade at 700.04.

According to IFB, more than 58 million securities were traded for $16.1 million. The highest trade volume was registered for Bank Day with 10.6 million shares.

Iran Cultural Heritage and Tourism Investment Group recorded the highest trade value with more than $722,000 worth of shares changing hands.

The highest increase in shares’ value was recorded for KBC Company, Arman Insurance and Shirvan Sugar Company.

Kerman Development Investment Company, Minoo Shargh Company and Gostaresh Tejarat and Sarmayeh Iranian Company recorded the highest decrease in value.