Economy, Business And Markets

TEDPIX Scrapes Into the Green

TEDPIX Scrapes Into the GreenTEDPIX Scrapes Into the Green

Tehran Stock Exchange ended Tuesday trade in green, as TEDPIX gained 119.70 points or 0.19% to settle at 62,923 .

According to TSE data, the Price Index rose 46.90 points or 0.19% to close at 24,618.8. The First Market Index was up 129.60 points or 0.30% to reach 43,867.1. The Second Market Index registered no change and remained at 138,587.0. The Industry Index grew 67.50 points or 0.13% to register 51,871.7.

The Free Float Index gained 158.29 points or 0.23% to hit 69,950.80. The TSE 30 Index rose 7.00 points or 0.26% to end at 2,715.7 and the TSE 50 Index inched up 5.40 points or 0.21% to record 2,576.2.

More than 236 million shares changed hands valued at $14.1 million to register an 8% increase in trade volume and 13% increase in trade value compared to Monday.

Around 47% of listed companies dragged down the benchmark.

Qaen Cement Company with 1.26 points was the main laggard followed by MAPNA Group with 6.94 points and Khuzestan Steel Company with 6.1 points.

Ghadir Investment Company, with a P/E ratio of 4 and 45.77 points, provided the biggest boost to TEDPIX.

Bank Mellat and Bandar Abbas Oil Refining Company, with 23.12 and 19.14 points, ranked second and third, respectively.

  IFX Follows Suit

Iran Fara Bourse’s overall index grew 1.1 points or 0.16% to close Tuesday trade at 701.36.

According to IFB, more than 311 million securities valued at $46.3 million were traded.

The highest trade volume was registered for Iranian Investment Petrochemicals Group with 12.7 million shares transacted.

Iran Cultural Heritage and Tourism Investment Company recorded the highest trade value with $862,058 million worth of shares changing hands.

The highest increase in shares’ value was registered for Day Insurance, Isfahan Steel Company and Lavan Oil Refining Company.

Niroo Sarmayeh Company, Zayandeh Rood Housing Investment Company and Tuka Refractories Company had the highest decline in value.

Bank Day, Shirvan Sugar Company, Tehran Oil Refining Company and Lavan Oil Refining Company were also on investors’ radar.

Ayandeh Fund, with the transaction of 613,220 units, registered the highest trade volume among listed exchange-traded funds.

Furthermore, 900,000 participation bonds of Persia Oil and Gas Company were sold out.