Economy, Business And Markets

TSE Mood Stays Glum

TSE Mood Stays GlumTSE Mood Stays Glum

Tehran Stock Exchange’s main index lost 94.40 points or 0.15% to end Monday trade at 62.216.3.

More than 332 million shares valued at over $17.9 million were transacted to record insignificant changes compared to Sunday trade.

Monday trade concluded with all indices ending in red. The Price Index slipped 36.70 points or 0.15% to settle at 24,220.4. The First Market Index shed 80.20 points or 0.19% to reach 42,712.8. The Second Market Index inched down 123.90 points or 0.09% to close at 140,876.1. The Industry Index plummeted 121.40 points or 0.23% points to settle at 51,623.6.

The Free Float Index lost 55.69 points or 0.08% to finish at 68,188.80 points. The TSE 30 Index slipped 2.50 points or 0.10% to hit 2,614.2 and the TSE 50 Index dropped 3.90 points or 0.15% to record 2,533.4.

More than half of the listed companies worked to drag down the benchmark. For the second day in a row, Bandar Abbas Oil Refining Company, with a P/E ratio of 14 and 44.03 points, was the biggest market laggard, followed by Ghadir Investment Group and Isfahan Oil Refining Company with 10.65 and 9.71 points respectively.

Banks dominated the green side of the chart, as Bank Tejarat with 12.68 points gave the biggest boost to TEDPIX followed by Bank Sina and Bank Pasargad with 7.4 and 5.83 points respectively.

  IFX Inches Up

Iran Fara Bourse’s all-share index snapped its losing record and gathered 2.48 points or 0.37% to end Monday trade at 681.42.

According to IFB, more than 69 million securities changed hands valued at over $33.1 million, indicating a nearly 300% surge in daily trade value compared to Sunday.

Bahman Diesel Company topped the charts and recorded the highest daily trade volume and value of the day with the transaction of 6.9 million shares valued at $735,294.

Chaharmahal Sugar, Yazd Alloy Steel Company and Middle East Mines and Mineral Industries Development Holding Company filed the highest increase in shares’ value, while Novin Insurance, Shahed Construction and Development Company and Lavan Oil Refining Company registered the highest decline in value.

Tehran and Lavan oil refining companies, Bahman Diesel Company, Isfahan Steel Company, Iranian Cultural Heritage and Tourism Investment Group and Sina Port and Maritime Development Company were also on investors’ radar.

Etemad Fund, with the transaction of 4.4 million shares, registered the highest trade volume among listed exchange-traded funds. Furthermore, 540,340 leasing bonds of MAPNA Group were sold out.