Economy, Business And Markets
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TEDPIX Slips Back to 76K Level

TEDPIX Slips Back  to 76K LevelTEDPIX Slips Back  to 76K Level

Tehran Stock Exchange’s main index TEDPIX plummeted 903.70 points or 1.17%-the biggest plunge in five months–to settle Saturday trade at 76,594.2. The benchmark broke above the 78,000 mark on Tuesday, as it gained 3.19% or 2,415 points.

More than 2.4 billion shares valued at $151.3 million were traded.

The Price Index retreated 346.70 points or 1.17% to end at 29,388.5.

The First Market Index shed 757.50 points or 1.40% to reach 53,363.7.

The Second Market Index was down 1,257.90 points or 0.74% to settle at 168,953.1.

The Industry Index fell 618.60 points or 0.96% to register 63,570.2.

The Free Float Index dropped 1,303.34 points or 1.50% to close at 85,795.

The TSE 30 Index lost 50.20 points or 1.53% to post 3,232 while the TSE 50 Index withdrew 40.80 points or 1.30% to hit 3,086.1.

Mobarakeh Steel Company, with a P/E ratio of 10 and -102.06 points, was the biggest market laggard, followed by Iran Telecommunications Company and Ghadir Investment Company with -80.41 and -70.15 points respectively.

Pardis Petrochemical Company gave the biggest lift to TEDPIX with 45.11 points. Iran Mobile Telecommunications Company and Jam Petrochemical Company followed with 41.52 and 40.3 points respectively.

> IFX Snaps Winning Streak

Iran Fara Bourse’s overall index IFX shed 9.6 points or 1.18% to end Saturday at 806.73 points.

According to IFB, 308.8 million securities valued at $82.1 million changed hands.

Bank Day filed the highest number of shares traded, as 57.5 million of its shares changed hands. Novin Investment Company recorded the highest trade value of the day with the transaction of $2.6 million worth of its shares.

Fanava Company, Minoo Industrial Company and Mavad-e Vizhe Lia Company had the highest increase in shares’ value, while Ballast Company, Arfa Steel Company and Novin Insurance experienced the highest decline.

More than 45 million securities were traded valued at $3.3 million at the First Market, with Sobhan Investment Company accounting for the highest number of shares changing hands and Tolid Daru Pharmaceutical Company filing the highest trade value.

The Second Market registered the trading of 143 million securities valued at $10.9 million. Sobhan Insurance recorded the highest number of shares traded and Bank Day posted the highest trade value.

Etemad Fund with the transaction of 6.5 million shares valued at $2.2 million registered the highest trade volume among listed exchange-traded funds. Moreover, 500,000 leasing bonds of Butane Company were sold out.

> TSE Website Reactivated

Tehran Stock Exchange’s official website, New.tse.ir, once again became active on Saturday following a 48-hour break, Bourse Press reported.

According to the report, the disruption came about on Thursday and was resolved during the first trading hours of Saturday. It did not mention the reason for the disruption.

Tehran Stock Exchange, founded in 1967, is Iran’s largest stock exchange.

Financialtribune.com