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Economy, Business And Markets

TSE Gauge Idles

Tehran Stock Exchange’s overall index TEDPIX gained a meager 51.30 points or 0.08% to settle Tuesday trade at 62,840.
Close to 1.4 billion shares valued at over $65.8 million changed hands, with daily trade value dropping slightly compared to Monday.
The Price Index was up 19.90 points or 0.08% to stop at 24,369.7.
The First Market Index rose 51.10 points or 0.12% to reach 43,249.7.
The Second Market Index added 24.40 points or 0.02% to end at 141,649.4.
The Industry Index was down 73.80 points or 0.14% to finish at 51,653.8.
The Free Float Index gained 261.13 points or 0.37% to post 69,933.60.
The TSE 30 Index advanced 8.70 points or 0.33% to register 2,649.7.
And the TSE 50 Index inched up 1.00 points or 0.04% to hit 2,535.3.
Half of the listed companies worked against the benchmark.
Persian Gulf Petrochemical Industries Company, with a P/E ratio of 6 and 62.35 points, was the biggest market laggard. It was followed by Bandar Abbas Oil Refining Company and Isfahan Steel Company with 28.68 and 19.05 points respectively.
Bank Mellat provided the biggest boost to TEDPIX with 52.65 points followed by Iranian Shipping Lines, and SAIPA Company with 46.94 and 19.74 points respectively.

  IFX Down 3.08 points
Iran Fara Bourse’s main index shed 3.08 points or 0.44% to end at 701.83. According to IFB, 306 million securities changed hands in 26,000 transactions worth $26.5 million, filing a 75% rise in daily trade volume compared to Monday.
Bank Hekmat recorded the highest trade volume of the day with 23 million shares worth $864.864 changing hands.
Isfahan Steel Company registered the highest trade value with the transaction of 17 million shares worth $913,513.
Tuka Paint Company, Yazd Steel Alloy Company and Kharazmi Information Technology Development Company filed the highest increase in shares’ value.
Marjankar Company, Ghasem Distribution Company and Etela Investment Company experienced the highest decline.
Hormozgan Steel and Tuka Rail Company gave the biggest lifts to IFX.  Marun Petrochemical Company, Iranian Petrochemical Investment Company and Isfahan Steel Company were the biggest laggards.
Etemad Fund, with the transaction of 1.8 million shares, filed the highest trade volume and value among listed exchange-traded funds. Furthermore, 44,570 leasing bonds of MAPNGA Group valued at $1.1 million were sold out.

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