Economy, Business And Markets

TEDPIX Stagnates

TEDPIX StagnatesTEDPIX Stagnates

Tehran Stock Exchange ended Saturday trade barely in green, as TEDPIX inched up 24.90 points or 0.04% at the day’s close to settle at 62,948.6.

According to TSE data, the Price Index rose 9.80 points or 0.04% to close at 24,628.8. The First Market Index added 41.30 points or 0.09% to hit 43,911.7. The Second Market Index shed 81.00 points or 0.06% to end at 138,491. The Industry Index gained 42.00 points or 0.08% to stand at 51,912.

The Free Float Index inched up 33.92 points or 0.05% to register 69,980.40. The TSE 30 Index was up 1.00 points or 0.04% to record 2,715.8 and the TSE 50 Index rose 2.10 points or 0.08% to settle at 2,577.9.

More than 360 million shares changed hands valued at over $29.4 million to record a 63% increase in terms of volume and a 77% decrease in trade value compared to Wednesday.

Close to 48% of listed companies worked to drag down the benchmark. Amir Kabir Steel Company with 21.2 points was the main laggard followed by Saipa Company with 16.55 points and Pardis Petrochemicals Company with 11.11 points.

Parsian Oil and Gas Development Company, with a P/E ratio of 6 and 104.02 points, provided the biggest boost to TEDPIX. Informatics Services Corporation and Telecommunications Company of Iran with 10.82 and 8.49 points respectively came next.

  IFX Down 0.04%

Iran Fara Bourse’s overall index inched down 0.31 points or 0.04% to close Saturday trade at 696.9.

According to IFB, more than 308 million securities valued at $27.3 million were traded.

The highest trade volume was recorded for Iranian Investment Petrochemicals Group with the transaction of 6.8 million shares. Tuka Refractories Company registered the highest trade value with $424,411 worth of shares changing hands.

The highest increase in shares’ value was recorded for Kharazmi Information Technology Development Company, Zangan Zinc Industrial Company and Minoo Shargh Company.

This is while Shirvan Sugar Company, Niroo Sarmayeh Kosar Company and Saman Fund registered the highest decrease in value.

Ayandeh Fund with the transaction of 3 million units recorded the highest trade volume among listed exchange-traded funds. Furthermore, 110,250 leasing bonds of MAPNA Group with three-month maturity were sold out.