Economy, Business And Markets

Bears Reign Over TSE

Bears Reign Over TSEBears Reign Over TSE

Tehran Stock Exchange’s all-share index TEDPIX slipped by 86.00 points or 0.14% to reach 62,147.3 by Wednesday’s close.

More than 416 million shares changed hands valued at over $22.6 million to register close to 10% growth in trade volume and value compared to Tuesday.

The Price Index shed 33.50 points or 0.14% to stop at 24,192.3. The First Market Index withdrew 25.90 points or 0.06% to finish at 42,731.3. The Second Market Index was down 387.70 points or 0.28% to reach 140,336.3. The Industry Index lost 99.50 points or 0.19% to settle at 51,487.6.

The Free Float Index fell 68.83 points or 0.10% to close at 68,210.60. The TSE 30 Index stepped back 2.50 points or 0.10% to end at 2,615.8, and the TSE 50 Index ticked down 4.00 points or 0.16% to stop at 2,530.6.

Close to half of the listed companies worked against the benchmark. Tamin Oil, Gas and Petrochemical Investment Company was the biggest market laggard for the second day in a row with 38.19 points, followed by Bandar Abbas Oil Refining Company and MAPNA Group with 26.78 and 14.56 points respectively.

Parsian Oil and Gas Development Company, with a P/E ratio of 5 and 22.46 points, provided the biggest boost to TEDPIX, followed by Bank Saderat and Isfahan Oil Refining Company with 6.68 and 5.55 points respectively.

  IFX Down

Iran Fara Bourse’s overall index lost 685.41 points or 0.6% to settle Wednesday trade at 685.41.

According to IFB, more than 93.7 million securities valued at over $10.9 million were transacted, indicating a close to 75% drop in trade value compared to Tuesday.

For the second day in a row, Bank Day was crowned the top daily gainer and recorded the highest trade volume and value with the transaction of 6.7 million shares worth $553,259.

Arman and Saman insurance companies and Chaharmahal Sugar Company recorded the highest increase in share’s value.

Zayandehrood Housing Investment Company, Yazd Alloy Steel Company and Arfa Steel Company filed the highest decline.

Lavan Oil Refining Company, Tehran Oil Refining Company and Bank Day were on investors’ radar.

Etemad Fund, with the transaction of 2.9 million shares, registered the highest trade volume among listed exchange-traded funds. Furthermore, 59,620 sukuks valued at $1.6 million were sold out.