Economy, Business And Markets

TSE Closes Flat in Lackluster Session

TSE Closes Flat in Lackluster SessionTSE Closes Flat in Lackluster Session

Tehran Stock Exchange’s main index, TEDPIX, crawled up 27.10 points or 0.04% to end Saturday trade at 62,577.1.

More than 265 million shares changed hands in 25,000 transactions valued at over $12.9 million, the TSE reported.

The Price Index scratched 10.60 points or 0.04% to settle at 24,366.1. The First Market Index was down 26.60 points or 0.06% to end at 42,996.7. The Second Market Index was up 325 points or 0.23% to hit 141,482.5. The Industry Index climbed 36.40 points or 0.04% to record 68.699.90.

The TSE 30 Index inched down 3.00 points or 0.11% to register 2,632.1, while the TSE 50 Index crawled up 1.10 points or 0.04% to finish at 2,546.

Close to half of the listed companies worked against the benchmark.

Iran Khodro—Iran’s largest auto manufacturer—with a P/E ratio of 36 and 22.29 points, was the biggest market laggard, followed by Bandar Abbas Oil Refining Company and Bank Mellat with 17.23 and 13.86 points respectively.

Tamin Oil, Gas and Petrochemical Investment Company with 44.26 points provided the biggest boost to TEDPIX. Ghadir Investment Group and MAPNA Group came next with 24.51 and 17.81 points respectively.

  IFX Snaps Losing Streak

Iran Fara Bourse’s all-share index gained 2.18 points or 0.32% to end at 691.86.

More than 73.9 million securities changed hands valued at $39.4 million, according to IFB.

Bahman Diesel Company registered the highest daily trade volume and value with 10.6 million shares changing hands valued at $1.1 million.

Eghtesad-e Novin Investment Company, Arman Insurance and Tourism Bank recorded the highest increase in shares’ value, while Marjankar Industrial Company, Tadbirgaran-e Fars, Khuzestan Company and Shahed Company registered the highest decline.

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

Etemad Fund, with the transaction of 346,300 shares, registered the highest trade volume among listed exchange-traded funds. Furthermore, 400,000 participation bonds of Shiraz City Municipality were sold out.