Economy, Business And Markets

TEDPIX Ends Flat

TEDPIX Ends FlatTEDPIX Ends Flat

Tehran Stock Exchange ended an unremarkable trading day flat on the first day of the week to extend its humdrum trend of the previous week. The benchmark gained 14.20 points or 0.02% to settle at 63,070.6 at Saturday’s close.

More than 297 million shares valued at over $22.6 million changed hands, to register close to an 18% decline in daily trade volume and about 10% growth in value compared to Wednesday.

The Price Index inched up 5.62 points or 0.02% to end at 24,674.8. The First Market Index shed 50.00 points or 0.11% to reach 43,870.9. The Second Market Index added 376.10 points or 0.27% to hit 139,482.1. The Industry Index was up 19.60 points or 0.04% to record 52,153.0.

The Free Float Index dropped 40.30 points or 0.06% to settle at 70,168.10. The TSE 30 Index trickled down 1.80 points or 0.07% to register 2,712.2, and the TSE 50 Index advanced 0.60 points or 0.02 to hit 2,575.4.

Around 57% of listed companies worked against the benchmark. Telecommunications Company of Iran, with a PE ratio of 4 and 21.14 points, extended its losing streak from last week and was the biggest market laggard for the third day in a row, followed by Ghadir Investment Company and Bandar Abbas Oil Refining Company with 11.68 and 7.95 points, respectively.

Tamin Oil, Gas and Petrochemical Company topped the charts again with 32.08 points and gave the biggest boost to TEDPIX followed by Pardis Petrochemical Company and Islamic Republic of Iran Shipping Lines Company with 23.37 and 16.24 points respectively.

  IFX Down

Iran Fara Bourse’s overall index lost 2.87 points or 0.41% to close Saturday trade at 703.59.

According to IFB, More than 257 million securities valued at $31 million were traded.

The highest daily trade volume was recorded for Shirvan Sugar Company with 6.3 million of its shares changing hands. Maroon Petrochemical Company registered the highest trade value of the day with $1.01 worth of shares transacted.

The highest increase in shares’ value was recorded for Niroo Sarmayeh Company, Marjankar Company and Chaharmahal Sugar Company.

Fanava Telecommunications Company, Kharazmi Investment Company and Minoo Shargh Food Company filed the highest decline in value.

Isfahan Steel Company, Bank Day, Iranian Petrochemical Investment Group, Shirvan Sugar Company, Tehran Oil Refining Company, Lavan Oil Refining Company and Iran Cultural Heritage and Tourism Investment Group Company were also on investors’ radar.

Etemad Fund, with the transaction of 1.2 million shares, registered the highest trade volume among listed exchange-traded funds. Furthermore, 40,000 leasing bonds of RighTel were sold out.