Economy, Business And Markets

TSE Gauge Swells by 668 Points

TSE Gauge Swells by 668 PointsTSE Gauge Swells by 668 Points

Tehran Stock Exchange’s main index TEDPIX jumped 668 points or 0.87% to settle Monday trade at 77,377.5.

More than two billion shares valued at $134.8 million were traded, with daily trade value growing about $20 million compared to Sunday.

The Price Index gained 256 points or 0.87% to end at 29,667.1.

The First Market Index advanced 650.70 points or 1.22% to reach 53,938.1.

The Second Market Index rose 339.80 points or 0.20% to register 170,448.8.

The Industry Index added 309.20 points or 0.49% to post 63,995.8.

The Free Float Index jumped 1,252.99 points or 1.46% to record 56,974.70.

The TSE 30 Index was up 46.20 points or 1.43% to close at 3,278.6 while the TSE 50 Index gathered 26 points or 0.84% to settle at 3,118.2.

The benchmark was given a boost by 68% of the listed companies.

Islamic Republic of Iran Shipping Line, with a P/E ratio of 43, gave the biggest lift to TEDPIX by 102.53 points, followed by Bank Saderat and Bank Mellat with 68.8 and 58.81 points respectively.

Persian Gulf Petrochemical Industries Company was the worst performer with -142.37 points followed by Esfahan Oil Refining Company and Parsian Oil and Gas Development Company with -69.08 and -45.37 points respectively.

  IFX Up 1.4%

Iran Fara Bourse’s main index gained 11.17 points or 1.4% to settle at 810.61.

Over 457 million securities valued at $50.5 million were traded in 36,000 transactions, as the number of traded shares nearly doubled and trade value grew about 20% compared to Sunday.

Esfahan Steel Company recorded the highest number of traded shares in addition to trade value, as 155 million of its shares worth $13.6 million changed hands.

Iran Ghasem Distribution Company, Marjankar Company and Mavad-e Vizhe Lia Company posted the highest increase in shares’ value, while Chaharmahal and Shirvan sugar companies and Niroo Sarmayeh Company experienced the highest decline.

More than 58 million securities valued at $3.6 million were traded at the First Market, with the highest number of shares traded belonged to Tehran Housing Investment Company.

The Second Market witnessed the trading of 332 million securities valued at $26 million, with Esfahan Steel Company recording the highest number of shares traded and highest trade value.

Etemad Fund, with the transaction of 12.5 million shares valued at $4.2 million, registered the highest trade volume among listed exchange-traded funds. Moreover, 262,434 Islamic Treasury Bills valued at $629,444 were sold out.