Economy, Business And Markets

TEDPIX Ends Where It Started

TEDPIX Ends Where It StartedTEDPIX Ends Where It Started

Tehran Stock Exchange’s main index inched up 34.90 points or 0.06% to settle at 62,923.9 on Sunday.

Over 313 million shares valued at more than $18.8 million were transacted to record close to 25% drop in daily trade volume and value compared to Saturday.

The Price Index crawled up 13.60 points or 0.06% to end at 24,501.6. The First Market Index shed 110.40 points or 0.25% to reach 43,499.8. The Second Market Index gained 861.20 points or 0.62% to hit 140,723.2. The Industry Index was up 53.70 points or 0.10% to register 52,153.8.

The Free Float Index was down 121.62 points or 0.17% to finish at 69,572.50. The TSE 30 Index inched down 2.30 points or 0.09% to reach 2,676.3, and the TSE 50 Index gained 3.80 points or 0.15% to close at 2,564.4.

About 60% of the listed companies worked against the benchmark. Isfahan Oil Refining Company, with a P/E ratio of 5 and 22.41 points, was the biggest market laggard, followed by Bank Eghtesad-e Novin, and Jam Petrochemical Company with 18.42 and 16.44 points respectively.

Persian Gulf Petrochemical Industries Company provided the biggest boost to TEDPIX with 140.6 points. Bank Mellat and Tamin Oil, Gas and Petrochemical Investment Company with 18.61 and 15.63 points ranked second and third respectively.

  TSE Monthly Report

More than 8.2 billion shares changed hands in 585,000 transactions during the Iranian month that ended November 21, recording 10.6% and 8.4% decline in the number of shares and transactions respectively compared to the previous month.

The monthly trade value reached $427 million to record a 10% decline.

TSE’s overall index ended the month in red and lost 286 points or 0.45% to close at 62,889.

The First Market Index and the Second Market Index retreated 443 and 780 points to stand at 43,610 and 139,862 respectively.

  IFX in Red

Iran Fara Bourse’s all-share index settled in red, as it retreated 0.66 points or 0.09% to close Sunday trade at 700.81.

According to IFB, more than 79 million securities changed hands valued at over $8.4 million to record a significant decline in trade volume and value compared to Saturday.

The highest daily trade volume and value were registered for Isfahan Steel Company with 9.4 million shares worth $596,176 transacted.

The highest increase in shares’ value was recorded for Arfa Iron and Steel Company and Minoo Industrial Company and Bank Sarmayeh.

Sina Port and Maritime Development Company, Kharazmi Information Technology Development Company, Fanava Telecommunications Company and Iranol Oil Company filed the highest decline in value.

Isfahan Steel Company, Iranian Petrochemical Investment Company, Bank Day, Shirvan Sugar Company, Tuka Refractories Production and Services Company, Tehran Oil Refining Company, and Lavan Oil Refining Company were also on investors’ radar.

Etemad Fund, with the transaction of 723,430 shares, registered the highest trade volume among listed exchange-traded funds.

Furthermore, 28,279 participation bonds of Mashhad Municipality were sold out.