Economy, Business And Markets

TEDPIX Little Changed

TEDPIX Little ChangedTEDPIX Little Changed

Tehran Stock Exchange’s all-share index TEDPIX inched up 61.60 points or 0.08% to close Tuesday trade at 78,220.

More than 2.8 billion shares valued at $148 million were transacted, as the number of shares traded rose about 5 million and daily trade value shrank by $25 million.

The Price Index grew 23.60 points or 0.08% to end at 29,932.

The First Market Index advanced 198.20 points or 0.36% to post 54,636.2. The Second Market Index plummeted 792.60 points or 0.46% to settle at 171,679.4. The Industry Index was up 100.90 points or 0.16% to reach 64,989.5.

The Free Float Index inched up 78.27 points or 0.09% to register 88,717.80.

The TSE 30 Index won 3.30 points or 0.10% to hit 3,326.5 while the TSE 50 Index gained 6.50 points or 0.21% to record 3,170.3.

Sina Pharmaceutical Company posted the highest rise of the day, as its shares went up 4.91% to 1,185 rials each, followed by Exir Pharmaceutical Company and Sina Chemical Company.

Iran Telecommunications Company was the worst performer with -82.84 points. Jam Petrochemical Company and Bank Mellat followed with -48.9 and -38.89 points respectively.

  IFX Rebounds

Iran Fara Bourse’s overall index IFX snapped its losing streak and gained 2.45 points or 0.3% to close at 823.37.

More than 2.1 billion securities valued at $315 million were traded. The number of shares traded and daily trade value both surged nearly fivefold compared to the prior trading day.

Middle East Mines and Mineral Industries Development Holding Company, Tehran Oil Refining Company and Hormozgan Steel Company provided the biggest boost to IFX.

Iranian Petrochemical Investment Company, Bank Day and Marun Petrochemical Company had the most downbeat performance. Bank Day recorded the day’s highest number of shares traded and highest daily trade value, as 41 million of its shares worth $2.1 million changed hands.

Shahrood Industrial Company, Kerman Development and Construction Company and Shahed Construction Company had the highest increase in shares’ value.

This is while Ballast Company, Chaharmahal Sugar Company and Pasargad Insurance posted the highest decline.

The First Market witnessed the trading of 323 million securities valued at $25.3 million.

And 160 million securities valued at $14 million were transacted in the Second Market. Furthermore, 65,000 leasing bonds of Dana System Kish Company were sold out.