Economy, Business And Markets

Lackluster Trade at TSE

Lackluster Trade at TSELackluster Trade at TSE

Tehran Stock Exchange ended a lackluster trading day with the benchmark gaining a meager 12.10 points or 0.02% to stand at 63,056.4 on Wednesday.

More than 360 million shares valued at over $20.6 million were transacted to record about 20% retreat in daily trade volume and less than 5% decline in value compared to Tuesday.

The Price Index crawled up 4.70 points or 0.02% to end at 24,670.0. The First Market Index shed 46.90 points or 0.11% to settle at 43,920.9. The Second Market Index gained 344.60 points or 0.25% to hit 139,106.6. The Industry Index increased 53.60 points or 0.10% to reach 52,133.4.

The Free Float Index was down 36.39 points or 0.05% to end at 70,208.40. The TSE 30 Index inched down 0.90 points or 0.03% to register 2,714 and the TSE 50 Index inched up 0.20 points or 0.01 to close at 2,574.8.

Around 59% of listed companies worked against the benchmark. Telecommunications Company of Iran, with a PE ratio of 4 and 23.26 points, was the biggest market laggard for the second day in a row, followed by Bank Saderat and Bandar Abbas Oil Refining Company with 17.32 and 16.86 points respectively.

Tamin Oil, Gas and Petrochemical Company with 45.12 points gave the biggest boost to TEDPIX, which was followed closely by Parsian Oil and Gas Development Company and National Iranian Copper Industries Company with 42.01 and 16 points respectively.

  IFX Down

Iran Fara Bourse’s overall index lost 4.11 points or 0.58% to close Wednesday trade at 706.46.

More than 105 million securities valued at $28.6 million were traded, according to IFB.

As in the last four days, the highest daily trade volume was recorded for Isfahan Steel Company with 12 million of its shares changing hands.

Lavan Oil Refining Company registered the highest trade value of the day with $1.8 million worth of its shares transacted.

The highest increase in shares’ value was recorded for Mihan Insurance, Alborz Bulk Investment Company, and Asia Zarin Madan Company.

Kosar Insurance, Isfahan Steel Company and Tadbirgaran-e Fars and Khuzestan Company registered the highest decline in value.

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

Etemad Fund, with the transaction of 205,860 shares, registered the highest trade volume among listed exchange-traded funds. Furthermore, 500,000 leasing bonds of Golgohar Mining and Industrial Company were sold out.