Economy, Business And Markets

TEDPIX Ends Flat

TEDPIX Ends FlatTEDPIX Ends Flat

Tehran Stock Exchange’s all-share index TEDPIX inched up 9.10 points or 0.01% to end Saturday trade at 61,700.1.

Close to 500 million shares valued at $21.8 million changed hands.

The Price Index crawled up 3.50 points or 0.01% to reach 23,933.1.

The First Market Index gained 30.40 points or 0.07% to hit 42,331.5.

The Second Market Index lost 119.50 points or 0.09% to close at 139,864.5. The Industry Index reached up 2.00 points or less than 0.01% to settle at 50,958.8.

The Free Float Index rose 67.32 points or 0.10% to hit 67,723.10.

The TSE 30 Index lost 1.30 points or 0.05% to end at 2,580.7 and the TSE 50 Index was down 2.10 points or 0.08% to finish at 2,504.

More than 40% of the listed companies worked in favor of the benchmark.

Iran Chemical Industrial Investment Company, with a P/E ratio of 5 and 27.83 points, provided the biggest boost to TEDPIX, followed by MAPNA Group and Iran Telecommunications Company with 24.75 and 23.34 points respectively.

Tamin Oil, Gas and Petrochemical Investment Company was the biggest market laggard with 24.14 points. Ghadir Investment Company and Mobarakeh Steel Company followed with 20.25 and 12.14 points respectively.

  IFX Down 0.26%

Iran Fara Bourse’s overall index shed 1.78 points or 0.26% to end Saturday trade at 683.38.

Close to 350 million securities changed hands valued at $36.9, as daily trade volume increased 60% and trade value waned 20% compared to Wednesday’s figures, according to IFB.

Ghasem Iran Distribution Company, Pegah Fars Dairy Company and Minoo Shargh Food Company filed the highest rise in shares’ value.

Shahrood Industrial Company, Zayandehrood Housing Investment Company and Bank Hekmat recorded the highest decline.

Bank Hekmat registered the highest trade volume of the day with the transaction of 14.9 million shares.

Iranian Cultural Heritage and Tourism Investment Company recorded the highest trade value of the day with $869,944 worth of shares changing hands.

Shirvan Sugar Company, Ghasem Iran Distribution Company and Kimiya Zanjan Gostaran Company were on investors’ radar.