Economy, Business And Markets

TSE Benchmark Rebounds

TSE Benchmark ReboundsTSE Benchmark Rebounds

Tehran Stock Exchange’s main index TEDPIX gained 746.40 points or 0.97% to end Wednesday trade at 77,888.

More than 1.9 billion shares changed hands valued at $174.7 million.

The Price Index advanced 286.20 points or 0.97% to settle at 29,862.9.

The First Market Index rose 50.180 points or 0.94% to post 54,022.9.

The Second Market Index climbed 1,757.70 points or 1.03% to reach 173,230.7.

The Industry Index grew 609.50 points or 0.95% to settle at 64,517.1.

The Free Float Index added 891.02 points or 1.03% to register 87,330.40.

The TSE 30 Index was up 31.70 points or 0.98% to post 3,274.4 while the TSE 50 Index gained 35.30 points or 1.14% to close at 3,143.1.

Persian Gulf Petrochemical Company provided the biggest boost to TEDPIX by 140.0 points, following Mobarakeh Steel Company and Informatics Services Corporation by 98.03 and 65.42 points respectively.

Bank Parsian, with a P/E ratio of 15 and -25.51 points, had the most downbeat performance, followed by Credit Pension Fund Investment Company and Parsian Oil and Gas Development Company with -20.50 and -14.18 points respectively.

  IFX Up 1.16%

Iran Fara Bourse’s main index IFX grew 9.41 points or 1.16% to stop at 819.39.

More than 341 million securities valued at $86.6 million were traded.

Esfahan Steel Company registered the highest number of shares traded and trade value, as 52.7 million of its shares worth $2.1 million changed hands.

Mihan Insurance, Niroo Sarmayeh Company and Minoo Industrial Company had the highest increase in shares’ value, while Fanava Company, Ravan Fanavar Engineering Company and Tadbirgaran-e Fars and Khuzestan posted the highest decline.

Over 48 million securities valued at $3.2 million were transacted in the First Market. The Second Market witnessed the trading of 159.9 million securities valued at $14.3 million.

Etemad Fund, with the transaction of 727,000 shares, registered the highest trade volume among listed exchange-traded funds.