Economy, Business And Markets

TEDPIX Stays in Red

TEDPIX Stays in RedTEDPIX Stays in Red

Tehran Stock Exchange’s main index, TEDPIX, lost 45.40 points or 0.07% to settle Monday trade at 62,374.8.

More than 418 million shares changed hands in 25,000 transactions valued at over $24.4 million to register more than a 30% drop in daily trade volume and value respectively compared to Sunday.

Nearly all indices ended the day in red. The Price Index tumbled 17.60 points or 0.07% to end at 24,287.2. The First market Index shed 24.30 points or 0.06% to close at 42,833.8. The Second Market Index lost 142.80 points or 0.10% to register 141,164.2. The Industry Index inched down 29.20 points or 0.06% to reach 51,812.5.

The Free Float Index fell 99.50 points or 0.15% to finish at 69,333.10. The TSE 30 Index was down 0.60 points or 0.02% to record 2,622.5, and the TSE 50 Index added 0.20 points or 0.01% to close at 2,540.4.

Close to 65% of the listed companies worked against the benchmark. Islamic Republic of Iran Shipping Lines Company, with a P/E ratio of 35 and 15.92 points, was the biggest market laggard, followed by Mobarakeh Steel Company and Omid Investment Group with 12.14 and 10.4 points respectively.

MAPNA Group with 22.66 points gave the biggest boost to TEDPIX. Persian Gulf Petrochemical Industry and Iran Telecommunications Company came next with 17.34 and 11.67 points respectively.

  IFX Slides

Iran Fara Bourse’s overall index fell 8.67 points or 1.26% to end Monday trade at 678.74.

According to IFB, more than 65 million securities valued at $24.9 million were transacted, indicating a sizable retreat in trade value compared to Sunday.

Iranian Petrochemical Investment Group registered the highest daily trade volume with the transaction of 6.1 million shares.

Bahman Diesel Company was crowned the top daily gainer for the second day in a row, recording the highest trade value with $382,352 worth of shares changing hands.

Marjankar Company, Chaharmahal Sugar Company and Eghtesad-e Novin Investment Company registered the highest increase in shares’ value. Minoo Industrial Company, Novin Insurance, Zangan Zinc Industries Company and Shiraz Oil Refining Company saw the highest decline.

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

Etemad Fund, with the transaction of 270,040 shares, registered the highest trade volume among listed exchange-traded funds. Furthermore, 400,000 participation bonds of Middle East Mines and Mineral Industries Development Holding Company were sold out.