Economy, Business And Markets

TSE Continues to Wipe Losses

TSE Continues to Wipe LossesTSE Continues to Wipe Losses

Tehran Stock Exchange’s main index TEDPIX jumped 779.70 points or 1.16% to settle Sunday trade at 67,740.1.

More than 1.8 billion shares valued at $96.6 million changed hands to post a 35% drop in daily trade value compared to the previous trading day.

The Price Index gained 301.30 points or 1.16% to end at 26,182.7.

The First Market Index surged 715.80 points or 1.55% to reach 46,900.9.

The Second Market Index added 739.10 points or 0.49% to register 151,098.1.

The Industry Index gathered 482 points or 0.87% to finish at 55,679.9.

The Free Float Index was up 1,310.92 points or 1.76% to post 75,910.

The TSE 30 Index rose 52.40 points or 10.84% to hit 2,907.9.

And the TSE 50 Index gained 29.80 points or 1.10% to settle at 2,740.3.

Close to 75% of the listed companies worked in favor of the benchmark.

Mobarakeh Steel Company, with a P/E ratio of 9, provided the biggest boost to TEDPIX by 91.32 points, followed by Bank Saderat and MAPNA Group with 58.2 and 54.56 points respectively.

Iran Telecommunications Company was the worst performer with 38.67 points, followed by Tehran Chemie Company and Pardis Petrochemical Company with 19.85 and 16.3 points respectively.

> IFX up 0.77%

Iran Fara Bourse’s all-share index IFX rose 5.63 points or 0.77% to end at 733.18.

More than 305 million securities valued at $60.4 million were traded, indicating a remarkable rise in daily trade value compared to the prior trading day.

Bank Day extended its three-day winning streak and recorded the highest trade volume with 33.8 million shares.

Esfahan Steel Company registered the highest trade value, as $1.4 million worth of the company’s shares changed hands.

Tehran Housing Investment Company, Bahman Leasing Company and Pardis Housing Investment Company saw the highest rise in shares’ value.

Gostaresh-e Tejarat va Sarmayeh Iranian, Shiraz Oil Refining Company and Minoo Industrial Company registered the highest decline.

Tehran Oil Refining Company was also on investors’ radar.

Etemad Fund, with the transaction of 9.4 million shares, registered the highest trade volume among listed exchange-traded funds. Moreover, 400,000 leasing bonds of RighTel were sold out.