Tehran Stock Exchange’s main index retreated 128.20 points or 0.20% to reach 62,795.7.
More than 685 million shares changed hands valued at over $86.2 million to record a 200% and 450% surge in daily trade volume and value respectively compared to Sunday.
The Price Index dropped 50 points or 0.20% to end at 24,451.6. The First Market Index lost 167.80 points or 0.39% to close at 43,332. The Second Market Index was up 174.50 points or 0.12% to hit 140,897.5. The Industry Index shed 68.30 points or 0.13% to settle at 52,085.5.
The Free Float Index plunged 260.62 points or 0.37% to record 69,311.90. The TSE 30 Index lost 10.70 points or 0.40% to finish at 2,665.6, and the TSE 50 Index lost 5.9 points or 0.23% to end at 2,558.5.
More than 60% of the listed companies worked against the benchmark. Parsian Oil and Gas Development Company, with a P/E ratio of 6 and 50.38 points, was the biggest market laggard, followed by Pardis Petrochemical Company and Telecommunications Company of Iran with 21.01 and 19.02 points respectively.
Tamin Oil, Gas and Petrochemical Investment Company provided the biggest boost to TEDPIX with 20.04 points. Persian Gulf Petrochemical Industries Company with 18.43 points and Iran Mobile Telecommunications Company with 17.97 points came next.
IFX Extends Losing Trend
Iran Fara Bourse’s all-share index extended its losing trend, as it dropped 5.34 points or 0.76% to close Monday trade at 695.47.
According to IFB, more than 589 million securities valued at over $49.9 million changed hands to register a surge in trade volume and value compared to Sunday.
Isfahan Steel Company filed the highest daily trade volume and value for the third day in a row with 6.4 million shares worth $400,294 changing hands.
The highest increase in shares’ value was registered for Shahrood Industrial Company, Alborz Bulk Pharmaceutical Company and Minoo Industrial Company.
Fanava Telecommunications Company, Zarin Madan Asia Company and Mavad-e Vizhe Lia had the highest decline in value.
Isfahan Steel Company, Iranian Petrochemical Investment Company, Bank Day, Sina Maritime and Port Development Company, Tehran Oil Refining Company and Shirvan Sugar Company were also on investors’ radar.
Marun Petrochemical Company gave the biggest boost to IFX.
Etemad Fund, with the transaction of 19.9 million shares registered the highest trade volume among listed exchange-traded funds. Furthermore, 284,600 participation bonds of RighTel were sold out.
IFB Monthly Report
More than 3.5 billion shares valued at over $648 million changed hands in 246,000 transactions during the Iranian month that ended November 21, indicating a 34% and 4% decline in trade value and volume compared to the previous month respectively. The IFB’s market cap retreated 1% to reach $22.9 billion.
The IFX ended the month flat as it dropped less than 0.01% to end at 701.
According to IFB, the main index recorded its monthly peak on November 10 by reaching 710.57. The highest trade volume of the month was also filed for this day when 410 million shares changed hands.
Furthermore, the highest trade volume was recorded for November 8 with the transaction of $82.9 million worth of shares.
The First Market witnessed the transaction of 332 million securities valued at $20.2 million, indicating a 59% and 78% setback in trade volume and value respectively compared to the previous month.
Moreover, 907 million securities valued at $69.6 million changed hands in the Second Market, showcasing a 34% and 57% drop in trade volume and value respectively.
On average, 168 million shares worth $32.4 million changed hands every day during this trading month.
