Economy, Business And Markets

TSE Continues to Languish

TSE Continues to LanguishTSE Continues to Languish

Tehran Stock Exchange’s main index plunged 232.50 points or 0.38% on Sunday to end at 61,501.5.

More than 570 million shares valued at over $43.7 million changed hands to record close to a 35% and 25% growth in daily trade volume and value respectively compared to Saturday.

The Price Index withdrew 90.50 points or 0.38% to stop at 23,940.9. The First Market Index lost 210.90 points or 0.50% to end at 43,164.1. The Second Market Index shed 227.50 points or 0.16% to register 139,595.5. The Industry Index plunged 183.70 points or 0.36% to reach 50.975.6.

The Free Float Index nosedived by 406.10 points or 0.60% to finish at 67,153.20. The TSE 30 Index shed 16.60 points or 0.64% to hit 2,573.5, and the TSE 50 Index tumbled 11.00 points or 0.44% to close at 2,502.4.

About 80% of the listed companies worked against the benchmark. Bandar Abbas Oil Refining Company, with a P/E ratio of 13 and 46.56 points, was the biggest market laggard, followed by Isfahan Oil Refining Company and Iranian Shipping Lines Company with 40.23 and 36.38 points respectively.

Sobhan Pharmaceutical Company provided the biggest boost to TEPDIX with 33.87 points. Mobin Petrochemical Company and MAPNA Group ranked second and third with 21.75 and 14.33 points respectively.

  IFX Loses 0.85%

Iran Fara Bourse’s overall index lost 5.75 points or 0.85% to end Sunday trade at 671.

According to IFB, more than 72.8 million securities valued at over $22.3 million changed hands to record a 30% increase in daily trade value compared to Saturday.

Shirvan Sugar Company recorded the highest trade value of the day with the transaction of 7 million shares.

Iranian Cultural Heritage and Tourism Investment Company registered the highest trade value.

Tadbirgaran-e Fars and Khuzestan Company filed the highest increase in shares’ value.

Ravan Fanavar Engineering Company registered the highest decline.

Lavan Oil Refining Company, Tehran Oil Refining Company and Isfahan Steel Company were on investors’ radar.

Tehran Oil Refining Company, South Hormozgan Steel Company and Iranian Petrochemical Investment Company were the market laggards, while Middle East Miners and Mineral Industries Development Holding Company gave the biggest lift to the benchmark.

Etemad Fund, with the transaction of 1.7 million shares, registered the highest trade volume among listed exchange-traded funds. Moreover, 228,000 leasing bonds of RighTel valued at $6.7 million were sold out.