Economy, Business And Markets

TEDPIX Bounces Back

TEDPIX Bounces BackTEDPIX Bounces Back

Tehran Stock Exchange’s overall index TEDPIX gained 327.70 points or 0.52% to end Monday trade at 62,788.7.

More than 1.2 billion shares valued at over $70 million were transacted to register a 170% and 70% rise in daily trade volume and value respectively compared to Sunday.

The Price Index was up 127.10 points or 0.52% to end at 24,349.8.

The First Market Index added 258.90 points or 0.60% to reach 43,198.8.

The Second Market Index rose 544.50 points or 0.39% to register 141,625.5.

The Industry Index was up 196 points or 0.38% to post 521,727.6.

The Free Float Index gained 518.59 points or 0.75% to hit 69,672.50.

The TSE 30 Index ticked up 16.10 points or 0.61% to record 2,641 and the TSE 50 Index added 12.40 points or 0.49% to settle at 2,534.3.

Close to 60% of the listed companies worked in favor of the benchmark.

MAPNA Group provided the biggest boost to TEDPIX with a P/E ratio of 12 and 69.51 points, followed by Iran Khodro and Bank Tejarat with 29.32 and 28.49 points respectively.

Tamin Oil, Gas and Petrochemical Investment Company was the biggest market laggard with 24.11 points. Shiraz Petrochemical Company and Bandar Abbas Oil Refining Company followed with 19.43 and 13.7 points respectively.

  IFX Up 0.56%

Iran Fara Bourse’s all-share index rose 3.9 points or 0.56% to end at 704.91.

According to IFB, more than 174 million securities were traded in 20,000 transactions valued at $33 million, with daily trade volume dropping nearly 35% compared to Sunday.

Hormozgan Steel Company registered the highest trade volume and value of the day with the transaction of 17 million shares valued at $594,594.

Marun Petrochemical Company, Iranian Petrochemical Investment Company and Middle East Mines and Mineral Industries Development and Holding Company provided the biggest boost to IFX.

This is while Hormozgan Steel Company was the biggest market laggard.

Kharazmi Information Technology Company, Pegah Fars Dairy Company and Ravan Fanavar Engineering Company filed the highest increase in shares’ value.

Marjankar Company, Chaharmahal Sugar Company and Hormozgan Steel had the highest decline.

Etemad Fund, with the transaction of 1.8 million shares, registered the highest trade volume and value among listed exchange-traded funds. Furthermore, 528,000 leasing bonds of Petro Omid Asia Company valued at $14.2 million were sold out.