Economy, Business And Markets

TEDPIX Little Moved

TEDPIX Little Moved
TEDPIX Little Moved

Tehran Stock Exchange’s overall index inched up 13.70 points or 0.02% to settle at 62,734.6 at Wednesday’s close.

More than 398 million shares changed hands valued at $51.3 million to register close to 30% decline in daily trade volume and about 20% rise in value compared to Tuesday.

The Price Index crawled up 5.30 points or 0.02% to settle at 24,427.4. The First Market Index was down 42.30 points or 0.10% to reach 43,230.2. The Second Market Index rose 332.70 points or 0.24% to hit 141,107.7. The Industry Index inched up 14.50 points or 0.03% to record 42,043.2.

The Free Float Index lost 5.68 points or 0.01% to register 68,226.60. The TSE 30 Index shed 3.90 points or 0.15% to finish at 2,658, and the TSE 50 Index fell 0.20 points or 0.01% to close at 2,555.

About 60% of the listed companies worked against the benchmark. Ghadir Investment Group, with a P/E ratio of 4 and 80.99 points, was the biggest laggard, followed by Bank Pasargad and Khuzestan Steel Company with 10.49 and 9.99 points respectively.

Informatics Services Corporation with 35.29 points gave the biggest boost to TEDPIX. Mobile Telecommunications Company of Iran with 19.69 points and Isfahan Oil Refining Company with 12.49 points were next in line respectively.

   IFX Land in Green Territory

Iran Fara Bourse’s all-share index rose 2.22 points or 0.32% to end Wednesday trade at 692.48.

According to IFB, more than 114 million securities valued at over $17.1 million were transacted to record declines both in trade volume and value compared to Tuesday.

Tourism Bank filed the highest daily trade volume with 9.3 million of its shares changing hands.

Lavan Oil Refining Company recorded the highest trade value of the day with $558,823 worth of its shares transacted.

The highest increase in shares’ value was registered for Minoo Industrial Company.

Arfa Iron and Steel Company recorded the highest decline in value.

Marun Petrochemical Company with 5.7 points gave the biggest boost to IFX.

Lavan Oil Refining Company, Iranian Petrochemical Investment Group and Isfahan Steel Company were the biggest market laggards with 20.52, 0.55 and 0.53 points respectively.

Isfahan Steel Company, Lavan Oil Refining Company and Bank Day were also on investors’ radar.

Etemad Fund, with the transaction of 568,890 shares, registered the highest trade volume among listed exchange-traded funds. Furthermore, 83,000 sukuks were sold out.