Economy, Business And Markets

TSE Gauge on the Rise

TSE Gauge on the Rise
TSE Gauge on the Rise

Tehran Stock Exchange’s all-share index TEDPIX jumped 444.40 points or 0.67% to end Wednesday trade at 66,562.5.

More than 1.5 billion shares changed hands valued at $82.8 million with daily trade volume and value showing about 50% and 30% growth compared to Tuesday.

The Price Index gained 171.80 points or 0.67% to end at 25,728.3.

The First Market Index was up 299.40 points or 0.66% to reach 45,732.7.

The Second Market Index added 1,039.30 points or 0.70% to register 150,501.3.

The Industry Index jumped 444.20 points or 0.81% to post 55,124.6.

The Free Float Index gathered 462.32 points or 0.63% to hit 73,579.70.

The TSE 30 Index was up 16.60 points or 0.59% to record 2,817.7 points.

And the TSE 50 Index gained 17.10 points or 0.64% to close at 2,700.1.

More than 60% of the listed companies worked in favor of the benchmark.

Ghadir Investment Company gave the biggest boost to TEDPIX with 107.72 points, followed by Iran Telecommunications Company and Iran Mobile Telecommunications Company with 91.37 and 77.73 points respectively.

Iran Transfo Company, with a P/E ratio of 15, was the worst performer with 14.52 points. National Iranian Copper Industries Company and Bank Pasargad followed with 11.06 and 9.34 points respectively.

   IFX Down

Iran Fara Bourse’s overall index IFX slipped 3.34 points or 0.46% to stop at 719.07.

According to IFB, more than 286 million securities were traded in 26,000 transactions worth $46.5 million.

Bank Day filed the highest trade volume for the second day in a row with 24 million shares changing hands valued at $916,000.

Lavan Oil Refining Company recorded the highest trade value with the transaction of $1.4 million worth of shares.

Esfahan Steel Company, Iran Cultural Heritage and Tourism Investment Company and Tehran Oil Refining Company provided the biggest boosts to IFX.

Marun Petrochemical Company, Zagros Petrochemical Company and Hormozgan Steel Company were the worst performers.

Caspian Pharmaceutical Company, Khazar Sea Shipping Lines Company and Ravan Fanavar Engineering Company witnessed the highest rise in shares’ value.

Hormozgan Steel Company, Zagros Petrochemical Company and Bank Day registered the highest decline.

Etemad Fund, with the transaction of 3 million shares valued at $1.02 million, registered the highest trade volume among listed exchange-traded funds.

Moreover, 370,000 leasing bonds of Iran Telecommunications Company worth $10.2 million were sold out.