Economy, Business And Markets

TSE Extends Rally

TSE Extends Rally
TSE Extends Rally

Tehran Stock Exchange’s overall index TEDPIX gained 397.90 points or 0.60% to end Saturday trade at 66,960.4.

Over 2.1 billion shares valued at $149.4 million were traded, posting a dramatic growth in daily trade volume and value compared to the prior trading day.

The Price Index rose 153.80 points or 0.60% to close at 25,881.4

The First Market Index added 452.30 points or 0.99% to reach 46,185.

The Second Market Index slipped 141.30 points or 0.09% to post 150,360.

The Industry Index gathered 73.30 points or 0.13% to finish at 55,197.9.

The Free Float Index was up 1,010.40 points or 1.37% to register 74,590.10.

The TSE 30 Index gained 37.80 points or 1.34% to hit 2,855.5, while TSE 50 Index won 10.40 points or 0.39% to record 2,710.5.

More than 70% of the listed companies worked in favor of the benchmark.

Bank Mellat provided the biggest boost to TEDPIX with 85.26 points and a P/E ratio of 5, followed by Ghadir Investment Company and Bank Pasargad with 52.31 and 51.38 points respectively.

Iran Mobile Telecommunications Company had the most downbeat performance with 69.6 points. Chadormalu Industrial and Mining Company and Iran Telecommunications Company stood at second and third places with 66.16 and 42.51 points respectively.

  IFX Up 1.18%

Iran Fara Bourse’s main index grew 8.48 points or 1.18% to settle at 727.55.

More than 346 million securities worth $44.5 million changed hands in 28,000 transactions, filing a slight decline in daily trade value compared to Wednesday, according to IFB.

Bank Day registered the highest trade volume and value of the day for the third day in a row with the transaction of 52.7 million shares valued at $2.1 million.

Caspian Pharmaceutical Company, Alborz Distribution Company and Zanjan Zinc Industries Company witnessed the highest increase in shares’ value, while Minoo Shargh Company, Asaluyeh Electricity Company and Iranol Oil Company registered the highest decline.

Esfahan Steel Company and Tehran Oil Refining Company were also on the investors’ radar.

Etemad Fund, with the transaction of 15.3 million shares, registered the highest trade volume among listed exchange-traded funds. Moreover, 260,000 leasing bonds of RighTel were sold out.