Economy, Business And Markets

TSE Index Leaps 1.63%

TSE Index Leaps 1.63%TSE Index Leaps 1.63%

Tehran Stock Exchange’s main index TEDPIX jumped 1,214.40 points or 1.63% to end Monday trade at 75,783.8.

Over 2.3 billion shares were transacted valued at $143.5 million, with daily trade value going up nearly 25% compared to Sunday.

The Price Index gained 465.90 points or 1.63% to settle at 29,080.3.

The First Market Index gathered 999.90 points or 1.93% to reach 52,831.9.

The Second Market Index jumped 1,793.50 points or 1.09% to register 166,976.5.

The Industry Index added 798.40 points or 1.29% to settle at 62,608.8.

The Free Float Index rose 1,514.57 points or 1.81% to hit 85,151.10.

The TSE 30 Index advanced 56.90 points or 1.80% to post 3,215.9 while the TSE 50 Index was up 51.90 points or 1.73% to 3,052.7.

Over 68% of the listed companies contributed to the benchmark’s rise.

Iran Telecommunications Company with 130.62 points provided the biggest boost to TEDPIX, followed by Persian Gulf Petrochemical Industries Company and Bank Mellat, with 110.86 and 70.95 points respectively.

Iranian Shipping Lines Company had the most downbeat performance with -30.22 points, followed by Golgohar and Chadormalu mining and industrial companies with 25.72 and 22.75 points respectively.

  IFB Continues Rally

Iran Fara Bourse’s main index IFX scored 10.15 points or 1.26% to end at 815.28 at the day’s close.

According to IFB, 514 million securities changed hands in 42,000 transactions worth over $166.5 million. Daily trade value rose 330% compared to Sunday.

Iranian Petrochemical Investment Company saw the highest number of shares traded as 61.8 million of its shares changed hands. MAPNA Group, with the transaction of $5.02 million, registered the highest daily trade value.

Kerman Development and Construction Company and Bank Sarmayeh had the highest increase in shares’ value, while Middle East Mines and Mineral Industries Development Holding Company and Novin and Saman insurances experienced the highest decline.

Tehran Oil Refining Company, Iranian Petrochemical Investment Company and Esfahan Steel Company provided the biggest boost to IFX.

Bank Day and Esfahan Steel Company were also on investors’ radar.

Ayandeh Fund, with the transaction of 2.7 million shares, registered the highest trade volume among listed exchange-traded funds.