Economy, Business And Markets

TSE Slump Lingers

TSE Slump LingersTSE Slump Lingers

Tehran Stock Exchange’s main index TEDPIX inched up 16.20 points or 0.03% to end Saturday trade at 61,436.9.

More than 534 million shares valued at $32.5 million changed hands with daily trade value surging 175% compared to Wednesday.

The Price Index crawled up 6.30 points or 0.03% to reach 23,915.8. The The First Market Index lost 42.50 points or 0.10% to register 42,124.9.

The Second Market Index gained 349.00 points or 0.25% to record 139,419.0.

The Industry Index was up 18.20 points or 0.04% to hit 50,940.6. The Free Float Index shed 32.91 points or 0.05% to 66,983.90.

The TSE 30 Index lost 3.50 points or 0.14% to settle at 2,565.5, and the TSE 50 Index gained 0.60 points or 0.02% to finish at 2,500.1.

Iranian Shipping Lines Company, with a P/E ratio of 34 and 51.62 points, provided the biggest boost to TEDPIX, followed by National Iranian Copper Industries Company and Khuzestan Steel Company with 16.96 and 11.22 points respectively.

Mobarakeh Steel Company was the biggest market laggard with 18.96 points. Isfahan Steel Company and Parsian Oil and Gas Development Company followed with 17.93 and 14.89 points respectively.

  IFX Moves Up

Iran Fara Bourse’s all-share index was up 0.91 points or 0.13% to post 677.03.

According to IFB, 112 million securities changed hands in 23,000 transactions worth $42.9 million.

Iranian Petrochemical Investment Company filed the highest trade volume and value of the day with the transaction of 24.5 million shares worth more than $1.02 million.

Kerman Construction and Development Company, Ghasem Iran Company and Hormozgan Steel Company registered the highest increase in shares’ value.

Tabas Coal Company, Shiraz Oil Refining Company and Tadbirgaran-e Fars and Khuzestan recorded the highest decline.

Etemad Fund, with the transaction of 2.2 million shares, registered the highest trade volume among listed exchange-traded funds. Moreover, 320,130 leasing bonds of MAPNA Group were sold out.