Economy, Business And Markets

TEDPIX Ends Flat

TEDPIX Ends FlatTEDPIX Ends Flat

Tehran Stock Exchange’s main index inched up 6.50 points or 0.01% to end Wednesday trade at 61,420.7.

Over 417 million shares valued at $26.8 million were transacted, recording 25% and 40% rise in daily trade volume and value compared to Tuesday.

The Price Index crawled up 2.60 points or 0.01% to end at 23,909.5. The First Market Index inched up 5.20 points or 0.01% to reach 42,167.4. The Second Market Index rose 11.50 points or 0.01% to hit 139,070.5. The Industry Index gained 0.10 points or less than 0.01% to register 50,922.4.

The Free Float Index lost 24.01 points or 0.04% to close at 67,016.80. The TSE 30 Index shed 1.10 points or 0.04% to finish at 2,569. The TSE 50 Index added 0.70 points or 0.3% to record 2,499.5.

Half of the listed companies dragged down the benchmark. Civil Pension Fund Investment Company with 20.31 points was the biggest market laggard, followed by Parsian Oil and Gas Development Company and Tose’e Melli Investment Company with 13.11 and 10.22 points respectively.

Iran Telecommunications Company, with a P/E ratio of 4 and 46.67 points provided the biggest boost to TEDPIX. National Iranian Copper Industries Company and Iranian Shipping Lines Company with 20.07 and 11.75 points ranked second and third respectively.

  IFX Down

Iran Fara Bourse’s overall index IFX shed 0.16 points or 0.02% to close Wednesday trade at 676.16.

According to IFB, over 226 million securities changed hands valued at $16.5 million, as daily trade value plummeted significantly compared to Tuesday.

Isfahan Steel Company filed the highest trade volume and value of the day with the transaction of 33 million shares valued at over $2.02 million.

Zarin Madan Asia Mining Company, Arman Insurance Company and Zangan Zinc Company recorded the highest increase in shares’ value, while Saman Insurance, Tehran Housing Investment Company and Pasargad Insurance registered the highest decline.

Etemad Fund, with the transaction of 1.2 million shares, registered the highest trade volume among listed exchange-traded funds. Moreover, 1 million leasing bonds of MAPNA Group with three-month maturity were sold out.