Economy, Business And Markets

TSE Lands in Green

TSE Lands in GreenTSE Lands in Green

Tehran Stock Exchange snapped its three-day downward trend on Wednesday, as TEDPIX gained 115.80 points or 0.18% at the day’s close to settle at 62,927.4.

According to TSE data, the Price Index climbed 45.30 points or 0.18% to close at 24,620.5. The First Market Index jumped 140.80 points or 0.32% to hit 43,960.0. The Second Market Index shed 90.20 points or 0.07% to reach 138,080.8. The Industry Index added 94.60 points or 0.18% to record 51,851.4.

The Free Float Index gained 120.02 points or 0.17% to record 70,145.80. The TSE 30 Index inched up 0.20 points or 0.01% to end at 2,709.6 and the TSE 50 Index crawled up 3.00 points or 0.12% to mark 2,569.7.

More than 530 million shares valued at over $29.1 million changed hands to record close to 11% increase in terms of volume and less than 1% drop in value compared to Tuesday.

Close to 43% of listed companies worked against the benchmark. Islamic Republic of Iran Shipping Lines Group with 39.3 points was the main laggard tailed by Persian Gulf Petrochemical Industry Company with 27.43 points and Bank Pasargad with 13.94 points.

Telecommunications Company of Iran with a P/E ratio of 4 and 87.78 points provided the biggest boost to TEDPIX. Bandar Abbas Oil Refining Company and Jam Petrochemical Company with 21.63 and 20.36 points came next in line respectively.

  IFX Up 0.5%

Iran Fara Bourse’s overall index gained 3.53 points or 0.5% to close Wednesday trade at 704.29.

According to IFB, more than 90 million securities valued at $19.9 million were traded.

The highest trade volume was recorded for Iranian Investment Petrochemicals Group with 10.6 million shares changing hands. Isfahan Steel Company with $578,529 worth of shares transacted registered the highest trade value.

The highest increase in shares’ value was recorded for Kharazmi Investment Group, Shahed Development and Construction Company, and Baghmisheh Urbanism Company. Marjankar Company, Novin Insurance and Saman Insurance registered the highest retreat in value.

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

Nasim Fund, with the transaction of 5.8 million units, recorded the highest trade volume among listed exchange-traded funds. Moreover, 100,000 Murabaha bonds of Mega Motor and Qom Municipality were sold out.