Economy, Business And Markets

TSE Gauge Up 1.65%

TSE Gauge Up 1.65%TSE Gauge Up 1.65%

Tehran Stock Exchange’s all-share index TEDPIX jumped 1,117.40 points or 1.65% to end Monday trade at 68,8857.5.

Over 2 billion shares valued at $125.6 million were traded to post a dramatic surge in daily trade value compared to the prior trading day.

The Price Index grew 428.90 points or 1.65% to settle at 26,426.3.

The First Market Index rose 898.30 points or 1.92% to reach 47,799.2.

The Second Market Index was up 1,791.20 points or 1.19% to post 152,889.2.

The Industry Index gathered 1,174.90 points or 2.11% to register 56,854.8.

The Free Float Index gained 1,121.13 points or 1.48% to hit 77,022.10.

The TSE 30 Index added 32.10 points or 1.10% to close at 2,940 while the TSE 50 Index rose 48.20 points or 1.76% to record 2,788.5.

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

Tamin Oil, Gas and Petrochemical Investment Company gave the biggest boost to TEDPIX by 104.29 points, followed by Ghadir Investment Company and Mobarakeh Steel Company by 103.97 and 96.95 points respectively.

Bank Mellat, with a P/E ratio of 5 and 38.55 points, was the biggest market laggard, followed by Bank Saderat and Bank Pasargad with 27.17 and 10.66 points respectively.

> IFX Up 1.37%

Iran Fara Bourse’s main index gained 10.02 points or 1.37% to stop at 743.2.

Over 335 million securities changed hands valued at $47.2 million, to register a $15 million drop in daily trade value compared to Sunday.

Esfahan Steel Company recorded the highest trade value with the transaction of 39.8 million shares.

MAPNA Group posted the highest trade value, as $23.5 million worth of its shares changed hands.

Caspian Pharmaceutical Company, MAPNA Group and Ballast Company experienced the highest rise in shares’ value.

Arman Insurance, Minoo Food Company and Mavad-e Vizhe Lia registered the highest decline.

Etemad Fund, with the transaction of 5.7 million shares, registered the highest trade volume among listed exchange-traded funds.

About 401,860 leasing bonds of MAPNA Group were also sold out.