Economy, Business And Markets

TSE Rally Halts

TSE Rally HaltsTSE Rally Halts

Tehran Stock Exchange’s main index TEDPIX gained 22.20 points or 0.04% to end Saturday trade at 62,655.

Close to 883 million shares were transacted valued at $53.4 million, indicating a significant decline in daily trade volume and value compared to Wednesday’s figures.

The Price Index inched up 8.60 points or 0.04% to settle at 24,301.9.

The First Market Index gained 117.60 points or 0.27% to reach 43,114.2.

The Second Market Index was down 547.20 points or 0.39% to close at 141,279.8.

The Industry Index added 33.70 points or 0.07% to post 51,676.7.

The Free Float Index crawled up 71.31 points or 0.10% to hit 69,372.1 and the TSE 30 Index rose 9.80 points or 0.37% to register 2,637.4.

And the TSE 50 Index inched up 1.00 points or 0.04% to record 2,532.2.

Close to 56% of the listed companies worked against the benchmark.

Persian Gulf Petrochemical Industries Company, with a P/E ratio of 6 and 121.2 points, was the biggest market laggard, followed by Omid Investment Company and Iran Telecommunications Company with 40.87 and 18.01 points respectively.

Parsian Oil and Gas Development Company with 92.57 points provided the biggest boost to TEDPIX for the second day in a row. MAPNA Group and Mobin Petrochemical Company with 70.42 and 43.44 points followed respectively.

  IFX Ends Flat

Iran Fara Bourse’s all-share index inched up 0.02 points or less than 0.01% to end at 702.01.

According to IFB, 517 million securities changed hands in 28,000 transactions valued at $58.5 million, with daily trade value growing close to 220% compared to Wednesday.

Bahman Diesel Company recorded the highest trade volume and value of the day with the transaction of 34 million shares worth $3.9 million.

Zagros Petrochemical Company, Hormozgan Steel Company and Khorasan Petrochemical Company gave the biggest boost to IFX.

Tehran Oil Refining Company, Isfahan Steel Company and Shiraz Oil Refining Company were the worst performers.

Ravan Fanavar Engineering Company, Tuka Paint Company and Zagros Petrochemical Company filed the highest increase in shares’ value.

Minoo Food Company, Kimiya Zanjan Gostaran Industrial Company and Shiraz Oil Refining Company registered the highest decline.

Etemad Fund, with the transaction of 13 million shares valued at $4.4 million, registered the highest trade volume and value among listed exchange-traded funds. Furthermore, 650,000 leasing bonds of Dana System Company valued at $17.5 million were sold out.