Economy, Business And Markets

TEDPIX Stays Put

TEDPIX Stays PutTEDPIX Stays Put

Tehran Stock Exchange's benchmark inched up 0.70 points or less than 0.01% to end at 62,923.7 on Wednesday's close.

According to TSE data, the Price Index crawled up 0.20 points or less than 0.01% to end at 24.619. The First Market Index added 3.30 points or 0.01% to reach 43,870.4. The Second Market Index shed 14.10 points or 0.01% to settle at 138,572.9. The Industry Index gained 1.70 points or less than 0.01% to register 51,870.

The Free Float Index dropped 4.41 points or 0.01% to close at 69,946.50. The TSE 30 Index lost 0.90 points or 0.03% to shrink to 2,714.8 and the TSE 50 Index inched down 0.40 points or 0.02% to close at 2,575.8.

More than 222 million shares were transacted valued at over $122.3 million to register a 6% drop in volume while trade value skyrocketed about ninefold compared to Tuesday.

Mobarakeh Steel Company, with a P/E ratio of 8 and 48.59 points, provided the biggest boost to the benchmark and Iran Khodro Company with 23.32 points was the main laggard.


> IFX Down 0.59%

Iran Fara Bourse's overall index shed 4.15 points or 0.59% to close at 697.21.

According to IFB, more than 125 million securities were traded valued at $38.3 million.

The highest trade volume was recorded for Iranian Investment Petrochemicals Group with the transaction of 7.5 million shares.

Sina Port and Maritime Company recorded the highest trade value with $811,000 worth of shares changing hands.