Economy, Business And Markets

Another Flat Trading Day at TSE

Another Flat Trading Day at TSEAnother Flat Trading Day at TSE

Tehran Stock Exchange’s overall index TEDPIX crawled up 10.10 points or 0.02% to end Sunday trade at 61,710.2.

More than 615 million shares valued at $31.6 million were transacted to record a nearly 23% and 50% rise in daily trade volume and value respectively compared to Saturday figures.

The Price Index inched up 3.90 points or 0.02% to settle at 23,936.6.

The First Market Index was down 22.40 points or 0.05% to close at 42,300.1. The Second Market Index gained 193.80 points or 0.14% to register 140,057.8. The Industry Index won 23.90 points or 0.05% to settle at 50,982.7.

The Free Float Index was up 61.63 points or 0.09% to hit 67,784.70.

The TSE 30 Index shed 2.20 points or 0.09% to record 2,578.5.

And the TSE 50 Index was set back 3.30 points or 0.13% to reach 2,500.7.

More than half of the listed companies worked in favor of the benchmark. Iran Mobile Telecommunications Company of Iran gave the biggest boost to TEDPIX with 22.44 points, followed by Mobarakeh Steel Company and Bank Pasargad with 17.39 and 15.19 points respectively.

Ghadir Investment Company was the biggest market laggard with a P/E ratio of 4 and 37.39 points. Mobin Petrochemical Company and Bank Mellat followed with 21.15 and 20.4 respectively.

  IFX Down

Iran Fara Bourse’s all-share index lost 1.92 points or 0.28% to close Sunday trade at 681.46.

According to IFB, more than 161 million securities valued at $15.4 million changed hands, with daily trade volume and value nearly halved compared to the previous trading day.

ASP Construction Company, Kimiya Zanjan Gostaran Company and Pegah Fars Dairy Company recorded the highest rise in shares’ value.

Chaharmahal Sugar Company, Tadbirgaran-e Fars and Bahman Leasing Company recorded the highest decline.

Ghasem Iran Distribution Company recorded the highest trade volume and value of the day with the transaction of 7.8 million shares worth $861,944.

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

Furthermore, $2.7 worth of Islamic Treasury Bonds were sold out.