Economy, Business And Markets

TSE Stuck in a Rut

TSE Stuck in a Rut
TSE Stuck in a Rut

Tehran Stock Exchange’s main index inched up 3.70 points or 0.01% to reach 62,630.1 on Sunday.

More than 485 million shares valued at over $30.6 million changed hands in 30,355 transactions—almost the same as Saturday.

The Price Index crawled up 1.50 points or 0.01% to end at 24,390.3. The First Market Index reached down 37.90 points or 0.09% to close at 43,105. The Second Market Index was up 245.50 points or 0.17% to hit 141,239.5. The Industry Index gained 53.50 points or 0.10% register 52,012.1.

The Free Float Index shed 56.47 points or 0.08% to finish at 68,978.70. The TSE 30 Index fell 6.70 points or 0.25% to record 2,644.7 and the TSE 50 Index retreated 1.10 points or 0.04% to settle at 2,549.1.

About 66% of the listed companies worked against the benchmark. Tamin Oil, Gas and Petrochemical Investment Company, with a P/E ratio of 4 and 20.12 points, was the biggest market laggard followed by Bank Saderat and Bank Mellat with 18.71 and 12.95 points respectively.

Jam Petrochemical Company with 41.47 points provided the biggest boost to TEDPIX. Persian Gulf Petrochemical Industry Company and Omid Investment group with 20.81 and 18.73 points came next respectively.

  IFX Tumbles

Iran Fara Bourse’s main index lost 2.31 points or 0.34% to end Sunday trade at 685.54.

According to IFB, more than 199 million securities valued at over $66.6 million changed hands to record a 235% surge in trade volume and about 420% rise in value compared to Saturday.

Iranian Petrochemical Investment Company recorded the highest daily trade volume with 3.8 million shares changing hands.

Iranian Cultural Heritage and Tourism Investment Company registered the highest trade value with $321,176 worth of shares transacted.

Marjankar Company, Karafarin Insurance and Mavad-e Vizhe Lia Company filed the highest increase in shares’ value.

Shahed Development and Construction Company, Novin Insurance and Zarin Madan Asia Company recorded the highest decline in value.

Isfahan Steel Company, Bank Day, Sina Port and Maritime Company, Tehran Oil Refining Company, Lavan Oil Refining Company and Shirvan Sugar Company were also on investors’ radar.

Etemad Fund, with the transaction of 2.9 million shares registered the highest trade volume among listed exchange-traded funds. Furthermore, 900,000 leasing bonds of RighTel were sold out.