Economy, Business And Markets

TEDPIX Inches Up

TEDPIX Inches UpTEDPIX Inches Up

Tehran Stock Exchange’s benchmark pulled higher 73.00 points or 0.12% to reach 63,000.4 at the Saturday’s close.

More than 600 million shares changed hands valued at $29.6 million to record close to a 15% decline in daily trade volume and about 5% increase in value compared to Wednesday.

The First Market Index inched up 17.10 points or 0.04% to hit 43,977.1. The Second Market Index jumped 355.80 points or 0.26% to register 138,435.8. The Industry Index was up 86.50 points or 0.17% to record 51,937.9.

The Free Float Index was up 95.82 points or 0.14% to settle at 70,241.60. The TSE 30 Index gained 3.70 points or 0.14% to end at 2,713.3 and the TSE 50 Index gained 3.80 point or 0.15% to close at 2,573.5.

Persian Gulf Petrochemical Industry Company gave the biggest boost to TEDPIX and Islamic Republic of Iran Shipping Lines Group was the biggest market laggard.

  IFX Down    

Iran Fara Bourse’s overall index lost 2.6 points or 0.47% to close Saturday trade at 701.68.

According to IFB, more than 76 million securities valued at $19.6 million were traded.

The highest trade volume and value were recorded for Isfahan Steel Company with 13.5 million shares valued at $803,529 changing hands.

The highest increase in shares’ value was recorded for Minoo Industrial Company, Ballast Company and Kosar Finance and Credit Institute.

Taknar Copper Mine, Tabas Parvardeh Coal Company and Novin Insurance registered the highest retreat in value.

Etemad Fund, with the transaction of 308,200 units, recorded the highest trade volume among listed exchange-traded funds. Moreover, 125,910 participation bonds of Mehr Housing were sold out.