Economy, Business And Markets

TEDPIX Ends Flat

TEDPIX Ends FlatTEDPIX Ends Flat

Tehran Stock Exchange’s main index ended a volatile trading day barely in green on the first day of the week. The TEDPIX gained 17.70 points or 0.03% to settle at 62,889.

More than 407 million shares changed hands valued at over $23.5 million to register close to a 15% rise in daily trade volume and value compared to Wednesday.

The Price Index inched up 6.90 points or 0.03% to end at 24,492.3. The First Market Index inched down 8.20 points or 0.02% to reach 43,610.2. The Second Market Index advanced 159.40 points or 0.11% to hit 139,886.4. The Industry Index crawled up 34.90 points or 0.07% to record 52,100.1.

The Free Float Index lost 12.83 points or 0.02% to finish at 69,694.10. The TSE 30 Index was down 2.10 points or 0.08% to close at 2,678.6, and the TSE 50 Index retreated 1.00 points or 0.04% to end at 2,560.6.

Close to half of the listed companies worked against the benchmark. Telecommunications Company of Iran, with a P/E ratio of 4 and 25.48 points, was the biggest market laggard, followed by Bank Pasargad and National Investment Company of Iran with 16.33 and 10.04 points respectively.

Jam Petrochemical Company with 26.44 points provided the biggest boost to TEDPIX. Mobarakeh Steel Company and Shiraz Petrochemical Company with 20.83 and 13.1 points came next.

  IFX Down

Iran Fara Bourse’s overall index ended in red as it lost 0.75 points or 0.11% to close Saturday trade at 701.47.

According to IFB, more than 166 million securities valued at over $42.8 million were transacted to record close to 10% increase in volume and value compared to Wednesday.

The highest daily trade volume and value were recorded for Isfahan Steel Company with 17.1 million shares worth $1.06 million changing hands.

The highest increase in shares’ value was recorded for Mavad-e Vizhe Lia Company, Arfa Iron and Steel Company and Ravan Fanavar Engineering Corporation.

Marjankar Company, Shirvan Sugar Company and Asia Zarin Madan Company registered the highest decline in value.

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

Etemad Fund, with the transaction of 23.9 million shares, registered the highest trade volume among listed exchange-traded funds. Furthermore, 600,000 leasing bonds of Pars Oil and Gas Company with three-month maturity were sold out.