Economy, Business And Markets

Small Industries Still Favored by TSE Traders

Small Industries Still Favored by TSE Traders
Small Industries Still Favored by TSE Traders

Tehran Stock Exchange closed at 72,121 points last week, down 2 percent from the opening day of the week (Saturday, 73,312 points). 

Best and Worst Performing Industries

Last week's top performing industries with highest returns included restaurant and hotel industries with a positive return on shares, recording 22.23 percent gain for 'Samga' shares, followed by printing and publishing industries, up 19.99 from the previous week, and telecommunications gaining 6.76 percent.   

On the flip side, transportation industry recorded the highest negative return on shares, down 5.72%, followed by furniture, closing 4.18% lower than the previous week, and ceramic and textile industries which ended the week 4.14% down. 

Best and Worst Performing Stocks

Post Bank of Iran recorded TSE's highest return on shares, gaining 28.07% at weekly close, followed by Iran Cultural Heritage and Tourism Investment Corporation, with its Samga shares closing the week 22.23% higher. Derakhshan Tehran Manufacturing Co. also gained 21.28%.  

The worst performing stocks of last week were Abgineh Co. 30.49% down, Bahonar Copper Industries Co., which ended the week 12.53% lower, and Pars Pamchal Industries Co., closing the week 10.92% down.

Volume and Value of Transactions

Nearly 280,000 transactions at a total value of 6.45 trillion rials were recorded last week at TSE, which included trading of more than 2.24 million shares from August 30 to September 3. Among the most popular companies, Eghtesad Novin Bank sold close to 181 million shares. On the flip side, Noosh Mazandaran recorded the lowest trading of shares for any company during the week.