Economy, Business And Markets

TEDPIX Remains Below 63,000 Mark

TEDPIX Remains Below 63,000 MarkTEDPIX Remains Below 63,000 Mark

Tehran Stock Exchange’s main index lost 99.20 points or 0.16% to settle at 62,635.4 on Saturday.

Over 423 million shares changed hands valued at $29 million to record close to 10% rise in daily trade volume. This is while trade value had declined by about 43% compared to Wednesday (last trading day).

All indices ended in red. The Price Index shed 38.60 points or 0.16% to close at 24,388.8. The First Market Index was down 87.30 points or 0.20% to end at 43,142.9. The Second Market Index fell 112.10 points or 0.08% to reach 51,958.6. The Industry Index plummeted 84.60 points or 0.16% to register 51,958.6.

The Free Float Index lost 191.41 points or 0.28% to hit 69,033.20. The TSE 30 Index shed 6.60 points or 0.25% to record 2,651.4, and the TSE 50 Index declined 5.00 points or 0.20% to finish at 2,500.2.

Close to 70% of the listed companies worked against the benchmark. Ghadir Investment Group continued its losing trend of the previous work and with 20.09 points was the biggest market laggard followed by Tamin Oil, Gas and Petrochemical Investment Company and Parsian Oil and Gas Development Company with 31.19 and 20.61 points respectively.

Persian Gulf Petrochemical Company, with a P/E ratio of 6 and 21.97 points, gave the biggest boost to TEDPIX, with Jam Petrochemical Company and Bank Saderat closely tailing with 21.31 and 20.05 points respectively.

  IFX Down

Iran Fara Bourse’s all-share index reversed its Wednesday gain and shed 4.63 points or 0.67% to end Saturday trade at 687.85

According to IFB, over 85 million securities changed hands valued at more than $15.5 million to register drops in both trade volume and value compared to Wednesday.

Isfahan Steel Company registered the highest daily trade volume with 4.4 million shares transacted.

Lavan Oil Refining Company filed the highest trade value for the second day in a row with $493,235 worth of its shares changing hands.

Minoo Industrial Company, Marjankar Company and Shirvan Sugar Company recorded the highest increase in shares’ value.

Zayandehrood Housing Investment Company, Arfa Iron and Steel Company, and Ravan Fanavar Telecommunications Company registered the highest decline in value.

Etemad Fund with the transaction of 4 million shares registered the highest trade volume among listed exchange-traded funds. Furthermore, 159,000 leasing bonds of RighTel with three-month maturity were sold out.