Economy, Business And Markets

TEDPIX Stays Put

TEDPIX Stays PutTEDPIX Stays Put

Tehran Stock Exchange’s all-share index TEDPIX inched up 14.01 points or 0.02% to end Monday trade at 61,469.3.

Over 550 million shares valued at more than $25.2 million changed hands with daily trade value declining by 30% compared to Sunday.

The Price Index gained 5.50 points or 0.02% to close at 23,923.20.

The First Market Index lost 1.09 points or 0.01% to reach 42,111.90.

The Second Market Index rose 94.51 points or 0.07% to hit 139,697.50.

The Industry Index was down 210.69 points or 0.04% to settle at 52,887.60.

The Free Float Index obtained 104.73 points or 0.16% to register 67,241.1.0. The TSE 30 Index crawled up 0.70 points or 0.03% to 2,565.90.

And the TSE 50 Index lost 1.40 points or 0.06% to settle at 2,497.20.

Close to 46% of the listed companies worked against the benchmark.

Ghadir Investment Group, with a P/E ratio of 4 and 9.59 points, was the biggest market laggard, followed by Parsian Oil and Gas Development Company and Mobarakeh Steel Company with 9.37 and 8.67 points respectively.

Bank Ansar provided the biggest boost to TEDPIX with 14.06 points. Bank Pasargad and Jam Petrochemical Company tailed with 12.82 and 7.99 points respectively.

  IFX Ends Flat

Iran Fara Bourse’s overall index rose 1.2 points or 0.30% to end Monday trade at 680.

According to IFB, over 90 million shares changed hands in 15,000 transactions valued at $16.1 million, recording a sizable plunge in daily trade value compared to Sunday.

Bank Hekmat Iranian registered the highest trade volume of the day with the transaction of 9.1 million shares.

Shirvan Sugar Company recorded the highest trade value with $433,611 worth of shares changing hands.

Hormozgan Steel Company, Ghasem Iran Distribution Company, Tadbirgaran-e Fars and Khuzestan Construction Company and Pegah Fars Company registered the highest rise in shares’ value.

Taknar Copper Mine, Ravan Fanavar Telecommunications Company and Iranian Shipping Lines recorded the highest retreat.

Hormozgan Steel Company, Tehran Oil Refining Company and Iranol Oil Company gave the biggest boost to IFX.

Etemad Fund, with the transaction of 5.7 million shares, registered the highest trade volume among listed exchange-traded funds. Moreover, 90,780 participation bonds of MAPNA Group with three-month maturity were sold out.