Economy, Business And Markets

TEDPIX Hugs the Flatline

TEDPIX Hugs the FlatlineTEDPIX Hugs the Flatline

Tehran Stock Exchange’s main index inched up 8.60 points or 0.01% to end Monday trade at 62,647.7.

More than 656 million shares valued at over $48.4 million changed hands in 27,000 transactions to record close to 40% growth in daily trade volume and 60% rise in value compared to Sunday.

The Price Index crawled up 3.30 points or 0.01% to reach 24,393.6. The First Market Index gained 55.60 points or 0.13% to hit 43,160.6. The Second Market Index was down 270.20 points or 0.19% to reach 140,968.8. The Industry Index inched up 7.70 points or 0.01% to record 52,020.4.

The Free Float Index shed 41.53 points or 0.06% to close at 68,937.20. The TSE 30 Index lost 1.60 points or 0.06% to register 2,643.1. The TSE 50 Index gained 0.20 points or 0.01% to settle at 2,549.3.

More than half of the listed companies worked against the benchmark. Tamin Oil, Gas and Petrochemical Company was the biggest market laggard for the second day in a row with 19.1 points. MAPNA Group and Iran Mobile Telecommunications Company followed with 18.49 and 12.67 points respectively.

Shazand Petrochemical Company, with a P/E ratio of 4 and 19.56 points, gave the biggest boost to TEDPIX, followed by Bank Eghtesad-e Novin and Iran Telecommunications Company with 19.09 and 16.97 points respectively.


  IFX Snaps Losing Streak

Iran Fara Bourse’s all-share index snapped its losing streak and added 4.78 points or 0.7% to end Monday trade at 690.32.

According to IFB, more than 202 million securities changed hands valued at $36.4 million to register a meager rise in trade volume while value was nearly halved compared to Sunday.

Iranian Petrochemical Investment Company topped the charts for the second day in a row and registered the highest daily trade volume and value with 19.3 million of its shares valued at $817,647 changing hands.

Bahman Diesel Company, Marjankar Company and Karafarin Insurance registered the highest increase in shares’ value.

Tabas Coal Company, Iranian Cultural Heritage and Tourism Investment Group, and Shirvan Sugar Company recorded the highest decline.

Isfahan Steel Company, Iranian Petrochemical Investment Company, Bank Day, Sina Port and Maritime Company and Tehran Oil Refining Company were also on investors’ radar.

Etemad Fund with the transaction of 26.1 million shares registered the highest trade volume among listed exchange-traded funds. Furthermore, 250,000 participation bonds of Tabriz’s railroad were sold out.