Economy, Business And Markets

TSE Indices Keep Rising

TSE Indices Keep RisingTSE Indices Keep Rising

Tehran Stock Exchange ended Saturday trade with the benchmark TEDPIX gaining 382.90 points or 0.54% to settle at 71,393.9 at the day’s close.

More than 1.9 billion shares changed hands valued at $102.3 million, with daily trade volume and value posting dramatic declines compared to Wednesday’s figures.

The Price Index gathered 146.90 points or 0.54% to end at 27,396.5.

The First Market Index rose 103.30 points or 0.21% to register 49,519.5.

The Second Market Index was up 1,784.80 points or 1.14% to post 158,753.8.

The Industry Index gained 322.50 points or 0.55% to hit 48,652.6.

The Free Float Index moved up 107.30 points or 0.14% to hit 79,468.40.

The TSE 30 Index added 5.60 points or 0.18% to reach 3,041.7 while TSE 50 Index was up 18.30 points or 0.63% to settle at 2,902.7.

Persian Gulf Petrochemical Industries Company provided the biggest boost to TEDPIX with 268.25 points followed by Esfahan Oil Refining Company and Bank Saderat with 55.52 and 37.75 points respectively.

Iran Telecommunications Company had the most downbeat performance with a P/E ratio of 5 and 52.43 points, followed by Ghadir Investment Company and Iran Khodro, with 36.55 and 28.19 points respectively.

  IFX Edges Up

Iran Fara Bourse’s main index IFX rose 4.03 points or 0.53% to end Saturday trade at 760.51.

Close to 270 million securities changed hands valued at $62.8 million with daily trade volume nearly halved and trade value down more than $30 million compared to Wednesday.

Bank Day recorded the highest trade volume of the day with the transactions of 21 million shares. Furthermore, MAPNA Group registered the highest daily trade value, as $5.9 million worth of its shares changed hands.

Fanava Engineering Company, Niroo Sarmayeh Company and Shiraz Oil Refining Company experienced the highest rise in shares’ value, while Etela Alborz Investment Company, Bahman Diesel Company and Minoo Food Company had the highest decline.

Esfahan Steel Company, Bank Day and Tehran Oil Refining Company were on investors’ radar.

Etemad Fund, with the transaction of 5.8 million shares, registered the highest trade volume amid listed exchange-traded funds. Moreover, 249,000 Islamic Treasury Bills valued at $6.7 million were sold out.