Economy, Business And Markets

Winning Saturday for TSE, IFB

Winning Saturday for TSE, IFBWinning Saturday for TSE, IFB

Tehran Stock Exchange’s all-share index TEDPIX advanced 324.40 points or 0.42% to settle Saturday trade at 78,022.2, as large cap mining and oil companies lead the rally.

Nearly 1.5 billion shares valued at $123 million changed hands on Saturday, with both the number of shares traded and trade value registering declines compared to the last trading day (Wednesday).

The Price Index gathered 124.20 points or 0.42% to end at 29,863.4.

The First Market Index jumped 386 points or 0.72% to post 54,072.5.

The Second Market Index, as the only retreating index, lost 242.50 points or 0.14% to settle at 173,790.5.

The Industry Index rose 376.50 points or 0.58% to register 65,164.9.

The Free Float Index filed the highest rise among all other indices as it climbed 673.59 points or 0.77% to hit 87,622.40.

The TSE 30 Index gained 22 points or 0.67% to record 3,287, while the TSE 50 Index gathered 13.40 points or 0.43% to finish at 3,157.

National Iranian Copper Industries Company provided the biggest boost to the benchmark with 85.46 points, followed by Bandar Abbas and Esfahan oil refining companies with 76.41 and 69.04 points respectively.

Iran Transfo Company had the worst performance as it lost 4.96% or 629 rials per share, followed by Pars Khazar Company and Yazd Jooshkab Company.

  IFX Snaps Losing Streak

Iran Fara Bourse’s main index IFX snapped its three-day losing streak and jumped 8.78 points or 1.07% to close at 830.89.

According to IFB, about 410 million securities valued at $43.7 million were transacted. The number of shares traded nearly doubled compared to Wednesday, while daily trade value shrank about $22 million.

Bank Day posted the highest number of shares traded and highest daily trade value, as 85.7 million of its shares worth $4.3 million were traded.

Kerman Development and Construction Company, Minoo Industrial Company and Kimiya Zanjan Gostaran Industrial and Mining Company saw the highest increase in shares’ value, while Kharazmi Information Technology Company and Chaharmahal and Shirvan sugar companies posted the highest declines.

Tehran Oil Refining Company and Zagros and Lavan petrochemical companies provided the biggest boost to IFX.

More than 54 million securities valued at $3.7 million were traded in the First Market, with Tehran Housing Investment Company accounting for the highest number of traded shares and trade value.

The Second Market played host to the trading of 247 million securities valued at $16.3 million.

Etemad Fund, with the transaction of 2.7 million shares valued at $942,000, registered the highest trade volume and value among listed exchange-traded funds. In addition, 200,000 participation bonds of Shiraz City Municipality were sold out.