Economy, Business And Markets

TSE Wishy-Washy

TSE Wishy-WashyTSE Wishy-Washy

Tehran Stock Exchange’s main index TEDPIX inched up 17.00 points or 0.03% on Monday to settle at 61,518.5.

Close to 380 million shares valued at $62.6 million were transacted, filing a nearly 35% decline in daily trade volume and 45% growth in value compared to Sunday.

The Price Index crawled up 6.60 points or 0.03% to reach 23,947.5. The First Market Index rose 25.00 points or 0.06% to hit 42,189.1. The Second Market Index shed 38.80 points or 0.03% to close at 139,556.2. The Industry Index was up 34.00 points or 0.07% to register 51,009.6.

The Free Float Index was down 6.58 points or 0.01% to finish at 67,146.60. The TSE 30 Index inched up 0.10 points or less than 0.01% to record 2,573.6, and the TSE 50 Index added 1.10 points or 0.04% to end at 2,503.5.

Civil Pension Fund Investment Company provided the biggest boost to TEDPIX with 24.97 points, followed by Ghadir Investment Company and Bandar Abbas Oil Refining Company with 22.37 and 18.82 points respectively.

Iran Shipping Lines Company, with a P/E ratio of 34 and 12.13 points, was the biggest market laggard, followed by Bank Pasargad and Parsian Oil and Gas Development Company with 8.16 and 7.49 points respectively.

  IFX Up

Iran Fara Bourse’s overall index IFX gained 4.76 points or 0.56% to reach 674.76.

According to IFB, more than 265 million securities changed hands in 12,000 transactions valued at over $81.7 million, as daily trade value and volume surged 365% and 360% respectively compared to Sunday.

Lavan Oil Refining Company, Ghasem Iran Distribution Company and Zayandehrood Housing Investment Company filed the highest increase in shares’ value, while Bank Day, Kerman Development and Construction Investment Company and Minoo Shargh Food Industries Company recorded the highest decline.

Shirvan Sugar Company registered the highest trade volume and value of the day with the transaction of 8.9 million shares worth $764,705.

Tehran Oil Refining Company, South Hormozgan Steel Company and Iranian Petrochemical Investment Company gave the biggest lift to the benchmark, while Zagros Petrochemical Company was the biggest market laggard.

Etemad Fund recorded the highest trade volume and value among listed exchange-traded funds.