Economy, Business And Markets

Drab Trading Day at TSE

Drab Trading Day at TSEDrab Trading Day at TSE

Tehran Stock Exchange’s main index inched up 12.90 points or 0.02% to end at 63,083.5 on Sunday.

More than 438 million shares valued at over $24.3 million were transacted to record close to 47% and 10% rise in daily trade volume and value compared to Saturday.

The Price Index crawled up 5.10 points or 0.02% to end at 24,568.1. The First Market Index dropped 71.60 points or 0.16% to settle at 43,799.3. The Second Market Index advanced 497.60 points or 0.36% to hit 139,979.6. The Industry Index inched up 23.40 points or 0.04% to register 52,176.4. The Free Float Index lost 99.99 points or 0.14% to record 70,068.10. The TSE 30 Index shed 8.70 points or 0.32% to reach 2,703.5, and the TSE 50 Index retreated 1.00 points or 0.04 to end at 2,574.4.

Half of the listed companies worked against the benchmark. Isfahan Oil Refining Company, with a P/E ratio of 6 and 33.65 points, was the worst performer followed by Iran Khodro and National Iranian Copper Industries Company with 23.23 and 16 points respectively.

Islamic Republic of Iran Shipping Lines with 44.58 provided the biggest boost to TEDPIX, which was followed by Pardis Petrochemical Company and Telecommunications Company of Iran with 25.03 and 22.2 points respectively.

  IFX Up

Iran Fara Bourse’s overall index snapped its losing streak and gained 3.56 points or 0.51% to close Sunday trade at 707.15.

According to IFB, more than 114 million securities valued at $12.9 million were traded.

The highest daily trade volume was registered for Isfahan Steel Company with 11.3 million shares transacted.

Lavan Oil Refining Company recorded the highest trade value of the day with $872,000 worth of shares changing hands.

The highest increase in shares’ value was recorded for Shirvan Sugar Company, Chaharmahal Sugar Company, and Novin Insurance.

Taknar Copper Mines Complex, Ballast Company and MAPNA Group registered the highest decline in value.

Marun and Zagros petrochemical companies provided the biggest boost to IFX.

Etemad Fund, with the transaction of 619,190 million shares, registered the highest trade volume among listed exchange-traded funds. Furthermore, 73,000 participation bonds of Golgohar Mining and Industrial Company were sold out.