Economy, Business And Markets

No Furtherance at TSE

No Furtherance at TSE
No Furtherance at TSE

Tehran Stock Exchange’s benchmark ended another unremarkable trading day flat on Monday, as it crawled up 25.10 points or 0.04% to end at 63,108.6.

More than 521 million shares valued at over $32.5 million changed hands to register about 20% and 34% jump in daily trade volume and value respectively compared to Sunday.

The Price Index inched up 9.70 points or 0.04% to close at 24,577.8. The First Market Index lost 3.30 points or 0.01% to reach 43,796. The Second Market Index advanced 176.70 points or 0.13% to hit 140,155.7. The Industry Index gained 54.10 points or 0.09% to register 52,221.5.

The Free Float Index was up 15.98 points or 0.02% to record 70,084.10. The TSE 30 Index shed 1.30 points or 0.05% to settle at 2,702.2 and the TSE 50 Index retreated 0.20 points or 0.01 to finish at 2,574.2.

More than half of the listed companies worked against the benchmark. Bank Pasargad, with a P/E ratio of 4 and 11.67 points, was the main laggard, followed by Ghadir Investment Company and Mobile Telecommunications Company of Iran with 7.47 and 6.95 points respectively.

Jam Petrochemical Company with 19.11 points gave the biggest boost to TEDPIX, followed by Mobarakeh Steel Company and Tamin Oil, Gas and Petrochemical Investment Company with 17.36 and 15.11 points respectively.

  IFX Down

Iran Fara Bourse’s overall index ended in red, losing 1.83 points or 0.26% to close Monday trade at 705.32.

According to IFB, more than 380 million securities valued at $30.7 million changed hands, indicating a twofold increase compared to Sunday.

The highest daily trade volume was registered for Isfahan Steel Company with 7.7 million shares changing hands.

Lavan Oil Refining Company recorded the highest trade value of the day with $1.2 million worth of its shares transacted.

The highest increase in shares’ value was recorded for Eghtesad-e Novin Investment Company, Shahrood Industrial Company and Marjankar Industrial Company.

Minoo Industrial Group, Ravan Fanavar Engineering Company and Shirvan Sugar Company filed the highest decline in value.

Bank Day, Shirvan Sugar Company, Pardis Housing Investment Company, Iranian Petrochemical Investment Company, Tehran Oil Refining Company and Lavan Oil Refining Company were also on investors’ radar.

Etemad Fund, with the transaction of 19.1 million shares, registered the highest trade volume among listed exchange-traded funds. Furthermore, 100,000 participation bonds of Mashhad City Municipality were sold out.