Economy, Business And Markets

TEDPIX in Hibernate Mode

TEDPIX in Hibernate ModeTEDPIX in Hibernate Mode

Tehran Stock Exchange’s benchmark ended Sunday trade flat, as it dropped 1.20 points or less than 0.01% to stand at 62,999.2 at the day’s close.

More than 515 million shares valued at $20.2 million changed hands to register a 14% drop in daily trade volume and close to 30% decline in value compared to Saturday, TSE reported.

The Price Index inched down 0.50 points or less than 0.01% to end at 24,648.6. The First Market Index inched up 7.30 points or 0.02% to hit 43,984.4. The Second Market Index dropped 48.50 points or 0.04% to reach 138,386.5. The Industry Index was up 38.00 points or 0.07% to 51,975.9.

The Free Float Index was down 58.51 points or 0.08% to register 70,183.10. The TSE 30 Index crawled up 0.30 points or 0.01% to record 2,713.6, and the TSE 50 Index added 0.40 points or 0.02% to close at 2,573.9.

Around 60% of listed companies worked against the benchmark. Islamic Republic of Iran Shipping Lines Group, with a PE ratio of 36 and 12.85 points, was the biggest market laggard for the second day in a row, followed by Bank Pasargad and MAPNA Group with 8.13 and 7.61 points respectively.

Mobarakeh Steel Company with 24.21 points gave the biggest boost to TEDPIX followed by Tamin Oil, Gas and Petrochemical Company, and Pardis Petrochemical Company with 17.05 and 15.77 points respectively.

  IFX Down

Iran Fara Bourse’s overall index lost 1.44 points or 0.21% to close Saturday trade at 700.07.

According to IFB, more than 66 million securities valued at $82.9 million were traded.

The highest trade volume was registered for Isfahan Steel Company with 9.3 million shares changing hands.

Lavan Oil Refining Company recorded the highest daily trade value with $812,352 worth of its shares transacted.

The highest increase in shares’ value was filed for Arman Insurance Company, Lavan Oil Refining Company and Tabas Parvardeh Coal Company.

Taknar Copper Mine, Kharazmi Information Technology Development Company, and Ballast Company saw the highest retreat in shares value.

Etemad Fund, with the transaction of 584,470 shares, recorded the highest trade volume among listed exchange-traded funds. Moreover, 1.9 million participation bonds of Ghaed Basir Petrochemical Company were sold out.