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All Quiet on Equities Front!
Economy, Business And Markets

All Quiet on Equities Front!

Tehran Stock Exchange’s all-share index, TEDPIX, inched up 109.60 points or 0.14% to settle at 77,648.8 on Tuesday, snapping a three-day losing streak with help from large-cap petrochemical, oil and auto companies.
However, more than half the listed companies fell during the day’s trade.
Over 1 billion shares worth $94.1 million changed hands on Tuesday, with the number of shares traded dropping 6 million and daily trade value shrinking about 25% compared to Monday.
TSE’s Price Index gained 42 points or 0.14% to settle at 29,747.4 points.
The First Market Index retreated 59.70 points or -0.11% to end at 53,706 points.
The Second Market Index had the highest rise among all indices, as it jumped 1,055.70 points or 0.61% to close at 173,604.7 points.
TSE’s Industry Index was up 47.80 points or 0.07% to stand at 64,696.3 points.
The Free Float Index advanced 98.69 points or 0.11% and finished the day at 86,974.70 points.
The TSE 30 Index rose 8 points or 0.25% to reach 3,268 while the TSE 50 Index inched up 5 points or 0.16% to post 3,141.2 points.
Mobarakeh Steel Company had the most downbeat performance as it lost 5.42% to close at 227 rials per share, followed by Shomal Cement Company and Sina Tile Company with 5% and 4.99% decline in shares’ value respectively.
Persian Gulf Petrochemical Industries Company topped the performance charts for the second day in a row and provided the biggest boost to TEDPIX with 177 points.
Bandar Abbas Oil Refining Company and Iran Khodro followed suit with 46.63 and 42.5 points respectively.

  IFX Slips Further
Iran Fara Bourse’s main index tumbled 3 points or 0.36% to close at 828.08 on Tuesday.
According to IFB, more than 598 million shares valued at $52.2 million changed hands in 27,000 transactions, as the number of shares and their trade value plummeted dramatically compared to Monday.
Tehran Housing Investment Company recorded the day’s highest number of shares traded and highest trade value, as 70 million of its shares worth $3.8 million were traded.
Taknar Copper Company, Shahed Development and Construction Company and Gostaresh va Tejarat Sarmayeh Iranian Company posted the highest increase in shares’ value. Sobhan Darou Company, Novin Insurance and Marjankar Company had the most declines.
Tehran Oil Refining Company, Zagros Petrochemical Company, Pasargad Oil Company and Middle East Mines and Mineral Industries Development Holding Company had the most negative impact on the IFB benchmark.
IFB’s First Market saw the trading of 318 million securities worth $24 million on Tuesday. Also, over 107 million securities valued at $9.1 million changed hands in IFB’s Second Market.
Etemad Fund, with the transaction of 2.8 million shares valued at $1 million, registered the highest trade volume and value among listed exchange-traded funds. In addition, 52,770 Islamic Treasury Bills were sold on Monday.

 

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