Economy, Business And Markets

TEDPIX Slips Back

TEDPIX Slips BackTEDPIX Slips Back

Tehran Stock Exchange’s main index TEDPIX shed 329.70 points or 0.42% to end Saturday trade at 77,558.2.

Over 3.3 billion shares valued at $224.3 million were traded, indicating a 175% and 130% growth in the number of traded shares and trade value respectively compared to the prior trading day (Wednesday).

The Price Index lost 139.40 points or 0.47% to settle at 29,720.6.

The First Market Index gave up 123.50 points or 0.23% to post 53,899.4.

The Second Market Index fell 1,391.90 points or 0.80% to register 171,838.1.

The Industry Index retreated 632.70 points or 0.98% to settle at 63,884.4.

The Free Float Index inched down 3.67 points or less than 0.01% to close at 87,326.70.

The TSE 30 Index gathered 7.10 points or 0.22% to hit 3,281.5 while the TSE 50 Index was down 14.90 points or 0.47% to close at 3,128.2.

More than 57% of the listed companies had a downbeat performance.

Tamin Oil, Gas and Petrochemical Investment Company was the biggest market laggard with -113.8 points, followed by Iranian Shipping Lines Company and Parsian Oil and Gas Development Company with -100.9 and -93.76 points respectively.

Bank Mellat, with a P/E ratio of 5, provided the biggest boost to TEDPIX by 106.49 points. Mobarakeh Steel Company and Bank Saderat followed with 69.45 and 68.24 points respectively.

  IFX Ends Flat

Iran Fara Bourse’s main index, IFX, shed 0.98 points or 0.12% to settle at 818.41.

According to IFB, over 685 million securities valued at $116.2 million changed hands in 33,000 transactions, with the number of traded shares and trade value growing 200% and 135% respectively compared to Wednesday.

Bank Hekmat Iranian recorded the highest number of shares traded as 58.4 million of its shares were transacted.

Esfahan Steel Company posted the highest trade value with $5.1 million of its shares changing hands.

Bank Day, Iranian Petrochemical Investment Company and Tehran Oil Refining Company were also on investors’ radar.

Mihan Insurance, Novin Insurance and Sobhan Darou Pharmaceutical Company had the highest increase in shares’ value. Ravan Fanavar Company, Tuka Rail Company and Shahrood Industrial Company saw the highest decline.

Etemad Fund with the transaction of 7.9 million shares valued at $2.8 million registered the highest trade volume among listed Exchange-Traded Funds.