Economy, Business And Markets

TSE Gauge Tilts Back

TSE Gauge Tilts BackTSE Gauge Tilts Back

Tehran Stock Exchange’s main index TEDPIX shed 494.50 points or 0.63% to end Sunday trade at 77,733.8.

Over 1.4 billion shares valued at $169 million were traded, with daily trade value nearly doubling compared to Saturday.

The Price Index lost 189.40 points or 0.63% to settle at 29,780.

The First Market Index retreated 354.10 points or 0.65% to close at 53,992.4.

The Second Market Index plummeted 1,032.80 points or 0.60% to reach 172,433.2.

The Industry Index was down 314 points or 0.48% to register 644,709.

The Free Float Index gave up 740.14 points or 0.84% to finish at 87,214.90.

The TSE 30 Index fell 33.10 points or 1% to post 3,279.3 while the TSE 50 Index lost 19.30 points or 0.61% to record 3,147.9.

Over 60% of the listed companies had a downbeat performance.

Iran Khodro, with a P/E ratio of 61 and -46.71 points, was the biggest market laggard, followed by Tamin Oil, Gas and Petrochemical Industries Company and Bank Saderat with -44.26 and -42.77 points respectively.

Bandar Abbas Oil Refining Company provided the biggest boost to the benchmark with 52.98 points, followed by Fajr Petrochemical Company and Iran Telecommunications Company with 42.78 and 38.19 points respectively.

  IFX Ends Flat

Iran Fara Bourse’s main index IFX inched up 0.06 points or less than 0.01% to settle at 839.98.

According to IFB, over 362 million securities valued at $108 million were traded in 29,000 transactions, with the number of shares traded recording a 30% decline and daily trade value rising slightly.

Iranian Petrochemical Investment Company posted the day’s highest number of traded shares with the transaction of 54.6 million shares, while Lavan Oil Refining Company registered the highest trade value as $3.7 million of its shares changed hands.

Ballast Company, Kerman Development and Construction Company and Shahed Development Company experienced the highest rise in shares’ value. Minoo Industrial Company, Fanava Company and Gostareh va Tejarat Sarmayeh Iranian had the highest decline.

The First Market saw the trading of 52.8 million securities valued at $3.8 million, with Tehran Housing Investment Company accounting for the highest number of shares traded.

Furthermore, 200 million securities valued at $16.3 million were traded in the Second Market. Kerman Development and Construction Company, Pegah Fars Company and Chaharmahal Sugar Company had the highest increase in shares’ value.

Etemad Fund, with the transaction of 448,000 shares valued at $171,000, registered the highest trade volume among listed exchange-traded funds.