Economy, Business And Markets

TEDPIX Snaps Losing Streak

TEDPIX Snaps Losing StreakTEDPIX Snaps Losing Streak

Tehran Stock Exchange’s overall index TEDPIX reversed its losing streak on Wednesday and gained 221.70 points or 0.36% to end at 61,691.

More than 550 million shares valued at over $33.4 million were transacted with daily trade value rising 30% compared to Monday.

The Price Index added 86.30 points or 0.36% to settle at 24,009.5.

The First Market Index was up 189.20 points or 0.45% to hit 42,301.1.

The Second Market Index rose 287.50 points or 0.21% to record 139,084.5.

The Industry Index was up 69.20 points or 0.14% to register 50,956.8.

The Free Float Index gained 414.68 points or 0.62% to close at 67,655.80.

The TSE 30 Index gathered 16.10 points or 0.63% to finish at 2,582.

And the TSE 50 Index inched up 8.90 points or 0.36% to post 2,506.1.

More than half of the listed companies worked in favor of the benchmark.

MAPNA Group, with a P/E ratio of 11 and 58.74 points, provided the biggest boost to TEDPIX, followed by Bank Tejarat and Bank Pasargad with 44.39 and 30.3 points respectively.

Parsian Oil and Gas Development Company was the biggest market laggard with 22.48 points. Tose’e Melli Investment Company and Ghadir Investment Group followed with 10.97 and 10.66 points respectively.

  IFX in Green

Iran Fara Bourse’s all-share index gained 4.71 points or 0.69% to end Wednesday trade at 685.18.

According to IFB, more than 223 million shares valued at $43.9 million changed hands in 20,000 transactions. Daily trade volume and value filed a 250% and 280% growth compared to Monday respectively.

Iranian Petrochemical Investment Group registered the highest trade volume and value of the day with the transaction of more than 52 million shares worth $2.08.

Ghasem Iran Distribution Company, Kimia Zanjan Gostaran Industrial and Mining Company and Niroo Sarmayeh Company registered the highest increase in shares’ value.

Taknar Copper Mine, Shirvan Sugar Company and Shahrood Industrial Company filed the highest retreat.

Tehran Oil Refining Company provided the biggest boost to IFX.

Etemad Fund, with the transaction of 1.8 million shares, registered the highest trade volume among listed exchange-traded funds. Moreover, 300,000 leasing bonds of Dana System Kish Company were sold out.