Economy, Business And Markets

TSE Shows Signs of Life

TSE Shows Signs of LifeTSE Shows Signs of Life

Tehran Stock Exchange’s overall index jumped 237.80 points or 0.53% to end Tuesday trade at 62,055.9.

More than 736 million shares valued at over $47 million were transacted to register a nearly 35% rise in daily trade volume and value compared to Monday figures.

The Price Index rose 127.20 points or 0.53% to close at 24,069.8.

The First Market Index gained 177.80 points or 0.42% to reach 42,471.9.

The Second Market Index jumped 1,017.20 points or 0.73% to record 141,273.2.

The Industry Index was up 264.90 points or 0.52% to register 51,259.4.

The Free Float Index added 573.09 points or 0.84% to hit 68,466.50. The TSE 30 Index increased 17.30 points or 0.67% to settle at 2,589.2. And the TSE 50 Index rose 8.90 points or 0.36% to post 2,505.6.

More than 76% of the listed companies worked in favor of the benchmark.

Parsian Oil and Gas Development Company gave the biggest lift to TEDPIX with 48.15 points. Iranian Shipping Lines Company and Bandar Abbas Oil Refining Company followed with 46.24 and 29.6 points respectively.

Khorasan Steel Company was the biggest market laggard with a P/E ratio of 46 and 81.85 points, followed by Omid Investment Company and Khuzestan Steel Company with 26.57 and 21.45 points respectively.

  IFX Rises

Iran Fara Bourse’s all-share index rose 6.4 points or 0.93% to settle Tuesday trade at 693.37.

More than 252 million securities changed hands in 30,000 transactions valued at $23 million, recording a steep drop in daily trade value compared to Monday, according to IFB.

Iranian Petrochemical Investment Company filed the highest daily trade volume and value with the transaction of 25.4 million shares valued at $1.08 million.

Pegah Fars Dairy Company, Marjankar Company and Arman Insurance recorded the highest rise in shares’ value.

Shahrood Industrial Company, Afranet Information Technology Company and Shirvan Sugar Company registered the highest decline.

Iranian Petrochemical Investment Company and Tehran Oil Refining Company gave the biggest boost to IFX.

Etemad Fund, with the transaction of 442,540 shares, registered the highest trade volume among listed exchange-traded funds. Furthermore, 73,000 participation bonds of Mashhad’s Majd construction project were sold out.