Economy, Business And Markets

TSE Raises Red Flag

TSE Raises Red FlagTSE Raises Red Flag

Tehran Stock Exchange’s main index shed 156.90 points or 0.25% to end Sunday trade at 62,420.2.

Over 621 million shares valued at more than $32.2 million changed hands in 28,871 transactions to record a surge of 235% and 250% in daily trade volume and value respectively compared to Saturday.

The Price Index ticked down 61.10 points or 0.25% to close at 24,304.8. The First Market Index plummeted 138.60 points or 0.32% to reach 42,858.1. The Second Market Index was down 174.80 points or 0.12% to settle at 141,307.2. The Industry Index fell 161.90 points or 0.31% to finish at 51,841.7.

The Free Float Index nosedived 267.31 points or 0.39% to register 68,432.60. The TSE 30 Index lost 9.00 points or 0.34% to record 2,623.1, and the TSE 50 Index was down 5.80 points or 0.23 to settle at 2,540.2.

More than 70% of the listed companies worked to drag the benchmark down. Parsian Oil and Gas Development Company with 47.72 points was the biggest market laggard, followed by Iran Khodro and Mobarakeh Steel Company with 20.86 and 17.33 points respectively.

Bank Mellat, with a P/E ratio of 4 and 20.33 points, gave the biggest push to TEDPIX. Iran Mobile Telecommunications Company and Pardis Petrochemical Company ranked second and third with 11.64 and 9.84 points respectively.

  IFX Tumbles

Iran Fara Bourse’s overall index lost 4.37 points or 0.64% to reach 687.42.

According to IFB, more than 64.8 million securities valued at over $31.5 million changed hands, indicating a slight retreat from Saturday figures.

Tourism Bank recorded the highest daily trade volume, as 6.3 million of its shares were transacted.

Bahman Diesel Company, a newcomer but a frequent chart topper over the past few days, registered the highest trade value with $580,000 worth of its shares changing hands.

Arman Insurance, Eghtesad-e Novin Investment Company and Shahed Development and Construction Company registered the highest increase in shares’ value.

Lia Company, Zayandehrood Housing Investment Company and Tehran Oil Refining Company recorded the highest decline.

Isfahan Steel Company, Iranian Petrochemical Investment Company, Bank Day, Bahman Diesel and Tehran and Lavan oil refining companies were also on investors’ radar.

Etemad Fund, with the transaction of 407,760 shares, registered the highest trade volume among listed exchange-traded funds.