Economy, Business And Markets

TEDPIX Slips Into Red

TEDPIX Slips Into Red
TEDPIX Slips Into Red

Tehran Stock Exchange’s benchmark dropped 95.00 points or 0.15% to end Tuesday trade at 63,013.6.

More than 365 million shares valued at about $20.6 million were transacted, indicating close to 30% and 35% decline in daily trade volume and value respectively compared to Monday.

The Price Index retreated 36.90 points or 0.15% to end at 24,540.9. The First Market Index lost 92.60 points or 0.21% to settle at 43,703.1. The Second Market Index dropped 52.80 points or 0.04% to reach 140,102.2. The Industry Index was down 80.00 points or 0.15% to close at 52,141.5.

The Free Float Index declined 214.88 points or 0.31% to register 69,869.20. The TSE 30 Index shed 11.00 points or 0.41% to record 2,691.2, and the TSE 50 Index retreated 4.70 points or 0.18% to hit 2,569.5.

Close to 60% of the listed companies worked against the benchmark. Isfahan Steel Company, with a P/E ratio of 6 points, was the main laggard, followed by Iran Khodro Company and Bandar Abbas Oil Refining Company with 24.44 and 14.05 points respectively.

Iran Telecommunications Company with 16.99 points gave the biggest boost to TEDPIX followed by MAPNA Group and Informatics Services Corporation with 13.19 and 11.34 points respectively.

  IFX Down

Iran Fara Bourse’s overall index retreated 3.77 points or 0.53% to close Tuesday trade at 701.55.

According to IFB, more than 94 million securities valued at more than $21.7 million were transacted, indicating a significant drop compared to Monday.

The highest daily trade volume was registered for Tuka Rail Company with 8.9 million of its shares changing hands.

Sina Port and Maritime Company filed the highest trade value of the day with $680,588 worth of its shares transacted.

The highest increase in shares’ value was recorded for Mavad-e Vizhe Lia Company, Shahrood Industrial Company and Yazd Alloy Steel Industry Company.

Taknar Industrial Company, Minoo Industrial Company and Chaharmahal Sugar Company registered the highest decline in value.

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

Etemad Fund, with the transaction of 208,650 shares, registered the highest trade volume among listed exchange-traded funds.

Furthermore, 200,000 participation bonds of Middle East Mines and Mineral Industries Development Holding Company were sold out.