Economy, Business And Markets

TEDPIX Tumbles

TEDPIX TumblesTEDPIX Tumbles

Tehran Stock Exchange started the week in red as the main index TEDPIX lost 413.30 points or 0.67% to descend to 61,734.4.

Over 421 million shares valued at more than $35.9 million were transacted to register a nearly 60% rise in trade value compared to Wednesday.

The Price Index shed 160.90 points or 0.67% to reach 24,031.4. The First Market Index plummeted 356.30 points or 0.83% to settle at 42,375.0. The Second Market Index nosedived 512.90 points or 0.37% to end at 139,923.1. The Industry Index plunged 328.30 points or 0.64% to close at 51,159.3.

The Free Float Index lost 651.27 points or 0.95% to finish at 67,559.30. The TSE 30 Index shed 25.70 points or 0.98% to register 2,590.1 and the TSE 50 Index dropped 17.20 points or 0.68% to stop at 2,513.4.

More than 80% of the listed companies worked against the benchmark.

Isfahan Oil Refining Company was the biggest market laggard with 49.48 points.

Iran Transfo Company, with a P/E ratio of 12 and 7.11 points, gave the biggest lift to TEDPIX.

  IFX Extends Losing Streak

Iran Fara Bourse’s all-share index extended its losing trend with IFX going down 8.65 points or 1.26% to end Saturday trade at 676.76.

According to IFB, more than 85.2 million securities valued at over $17.1 million changed hands, indicating a nearly 10% decline in trade volume and a 70% rise in value compared to Wednesday.

Bank Day, with the transaction of 10.4 million shares, recorded the highest daily trade volume, while Shirvan Sugar Company registered the highest trade value of the day with $682,352 worth of shares changing hands.

Saman and Karafarin insurance companies and Chaharmahal Sugar Company recorded the highest increase in shares’ value.

Tabas Coal Company, Yazd Alloy Steel Company and Tehran Oil Refining Company filed the highest decline.