Economy, Business And Markets

All Quiet on TSE Front

All Quiet on TSE Front
All Quiet on TSE Front

Tehran Stock Exchange’s main index inched down 5.90 points or 0.01% at the Sunday’s close to settle at 62,942.7.

According to TSE data, the Price Index retreated 2.30 points or 0.01% to close at 24,626.5. The First Market Index crawled up 4.60 points or 0.01% to reach 43,916.3. The Second Market Index shed 62.80 points or 0.05% to end at 138,428.2. The Industry Index climbed 9.00 points or 0.02% to hit 51,915.7.

The Free Float Index jumped 114.42 points or 0.16% to reach 70,094.80. The TSE 30 Index rose 2.80 points or 0.10% to register 2,718.6 and the TSE 50 Index dropped 1.40 points or 0.05% to settle at 2,576.2.

More than 460 million shares were transacted valued at over $24.8 million to register a 30% increase in trade volume and 17% decrease in trade value compared to Saturday.

Close to 49% of listed companies worked to drag down TEDPIX. Persian Gulf Petrochemicals Industry Company with 26.96 points was the main laggard followed by Pardis Petrochemicals Company with 15.97 points and Bank Saderat with 10.7 points.

Parsian Oil and Gas Development Company, with a P/E ratio of 6 and 29.05 points, provided the biggest boost to the benchmark. Iran Khodro Company and Saipa Company–two of Iran’s biggest auto manufacturers–with 19.99 and 16.95 points came next respectively.

  IFX Edges Up

Iran Fara Bourse’s overall index climbed 1.93 points or 0.28% to close at 698.83.

According to IFB, more than 366 million securities valued at $36.9 million were traded.

The highest trade volume and value were recorded for Kosar Insurance with 30.8 million of its shares valued at $236,176 changing hands.

The highest increase in shares’ value was recorded for Tuka Refractories Company, Zayandehrood Housing Investment Company, Iranian Gostaresh Tejarat and Sarmayeh Investment Company.

Shahrood Industrial Company, Tadbirgaran Fars and Khuzestan Company, and Eghtesad Novin Investment Company registered the highest decrease in value.

Furthermore, Tehran, Lavan and Sina oil refining companies, Isfahan Steel Company, Bank Day, Iranian Petrochemicals Investment Company and Shirvan Sugar were on investors’ radar.

Etemad Fund, with the transaction of 926,050 units, recorded the highest trade volume among listed exchange-traded funds. Furthermore, 495,000 participation bonds offered by Qom Municipality were sold out.