Economy, Business And Markets

TSE Extends Losing Streak

TSE Extends Losing StreakTSE Extends Losing Streak

Tehran Stock Exchange extended its losing streak on Tuesday as the main index TEDPIX lost 44.10 points or 0.07% at the day’s close to settle at 62,811.6.

According to TSE data, the Price Index shed 17.20 points or 0.07% to close at 24,575.2. The First Market Index inched down 1.50 points or less than 0.01% to end at 43,819.2. The Second Market Index dropped 264.80 points or 0.19% to register 138,171.2. The Industry Index fell 52.50 points or 0.10% to reach 51,756.8.

The Free Float Index trickled down 7.49 points or 0.01% to drop down to 70,025.80. The TSE 30 Index retreated 0.70 points or 0.03% to record 2,709.4 and the TSE 50 Index fell by 3.20 points or 0.12% to end at 2,566.7.

More than 480 million shares valued at over $29.2 were transacted to register a 41% drop in trade volume and a 35% retreat in value compared to Monday.

Close to 53% of listed companies worked to drag down the TEDPIX. Pardis Petrochemical Company with 33.31 points was the main laggard followed by Persian Gulf Petrochemical Industry Company with 23.88 points and Mobile Telecommunications Company of Iran with 19.54 points.

Telecommunications Company of Iran, with a P/E ratio of 4 and 33.67 points, provided the biggest boost to TEDPIX. Bank Pasargad and Bandar Abbas Oil Refining Company, with 17.34 and 16.78 points, were next in line respectively.

  IFX Up

Iran Fara Bourse’s overall index rose 3.42 points or 0.49% to close Tuesday trade at 700.76.

According to IFB, more than 93 million securities valued at $44.2 million were traded.

The highest trade volume and value was recorded for Iranian Investment Petrochemical Group with 13.5 million shares valued at $575,588 changing hands.

The highest increase in shares’ value was recorded for Tadbirgaran Fars and Khuzestan Company, Shiraz Oil Refining Company, and Lavan Oil Company. Minoo Industrial Group, Kosar Financial and Credit Institution, and Shahrood Industrial Company registered the highest decrease in value.

Sina Port and Maritime Company, Isfahan Steel Company, Tehran Oil Refining Company, Bank Day, Lavan Oil Refining Company and Shirvan Sugar Company were also on investors’ radar.

Etemad Fund, with the transaction of 150,000 units, recorded the highest trade volume among listed exchange-traded funds. Moreover, 960,000 participation bonds of Mashhad Municipality were sold out.