Economy, Business And Markets

TSE Gauge Down 0.31%

TSE Gauge Down 0.31%  TSE Gauge Down 0.31%

Tehran Stock Exchange’s main index TEDPIX plunged 194 points or 0.31% to close Sunday trade at 62,461.

More than 723 million shares valued at $42.7 million changed hands, registering a 20% drop in daily trade value compared to Saturday.

The Price Index lost 75.20 points or 0.31% to end at 24,222.7.

The First Market Index was down 174.50 points or 0.40% to settle at 42,939.7.

The Second Market Index shed 197.10 points or 0.14% to reach 141,084.9.

The Industry Index fell 145.10 points or 0.28% to finish at 51,531.6.

The Free Float Index lost 218.18 points or 0.31% to register 69,153.90.

The TSE 30 Index dropped 12.50 points or 0.47% to 2,624.9.

And the TSE 50 Index was down 10.30 points or 0.41% to record 2,521.9.

More than half of the listed companies worked against the benchmark.

MAPNA Group, with a P/E ratio of 12 and 29.55 points, was the biggest market laggard, followed closely by Parsian Oil and Gas Development Company and Mobarakeh Steel Company with 28.99 and 27.7 points respectively.

Tose’e Melli Investment Company provided the biggest boost to TEDPIX with 17.26 points. Arak Auto Manufacturing Company and SAIPA Company followed with 13.05 and 12.89 points respectively.

  IFX Sheds 0.99 Points

Iran Fara Bourse’s overall index shed 0.99 points or 0.14% to stop at 701.02.

More than 146 million securities valued at $53.2 million changed hands in 20,000 transactions with daily trade volume nosediving about 350% compared to Saturday’s figures.

Bahman Diesel Company recorded the highest trade volume and value of the day for the second day in a row with the transaction of 13 million shares worth $1.5 million.

Tuka Paint Company, Tabas Parvardeh Coal Company and Hormozgan Steel Company saw the highest increase in shares’ value.

Alborz Investment Company, Chaharmahal Sugar Company and Shahrood Industrial Company registered the highest decline.

Hormozgan Steel Company and Zagros Petrochemical Company gave the biggest boost to IFX. Tehran Oil Refining Company, Middle East Mines and Mineral Industries Development Holding Company and Marun Petrochemical Company were the biggest market laggards.

Iranian Petrochemical Investment Company, Ghasem Iran Distribution Company and Tehran Oil Refining Company were also on investors’ radar.

Etemad Fund, with the transaction of 1 million shares valued at $405,405, registered the highest trade volume and value among listed exchange-traded funds.

Furthermore, 1 million participation bonds of Tabriz Municipality valued at $27.5 million were sold out.