Economy, Business And Markets

TSE Benchmark Gains 92 Points

TSE Benchmark Gains 92 PointsTSE Benchmark Gains 92 Points

Tehran Stock Exchange’s main index TEDPIX notched up 92.10 points or 0.12% to close Wednesday trade at 78,312.1.

Close to 2.1 billion shares valued at $170 million were traded, as daily trade value grew by more than $20 million compared to the prior trading day.

The Price Index inched up 34.20 points or 0.11% to end at 29,966.2.

The First Market Index grew 231.80 points or 0.42% to post 54,868.

The Second Market Index plummeted 798.90 points or 0.47% to settle at 170,880.1.

The Industry Index won 76.40 points or 0.12% to end at 65,065.9.

The Free Float Index advanced 234.21 points or 0.26% to register 88,952.

The TSE 30 Index gathered 8 points or 0.24% to reach 3,334.5, while the TSE 50 Index rose 2.20 points or 0.07% to 3,172.5.

Mobarakeh Steel Company provided the biggest boost to TEDPIX, with a P/E ratio of 12 and 97.35 points, followed by Bandar Abbas Oil Refining Company and Golgohar Mining and Industrial Company with 44.14 and 42.84 points respectively.

Persian Gulf Petrochemical Industries Company was the biggest market laggard with -134.44 points. Esfahan Oil Refining Company and MAPNA Group followed with -19.47 and -19.46 points respectively.

  IFX Down 1.49%

Iran Fara Bourse’s main index IFX lost 12.3 points or 1.49% to close Wednesday trade at 811.07.

More than 388 million securities valued at $40.6 million were traded. The number of shares traded and daily trade value shrank dramatically compared to Tuesday.

Hormozgan Steel Company, Pasargad Insurance and Shiraz Oil Refining Company provided the biggest boost to IFX.

Esfahan Steel Company, Tehran Oil Refining Company and Kosar Credit Institution were the biggest laggards.

Hormozgan Steel Company recorded the day’s highest number of shares, as 75.9 million of its shares changed hands.

Esfahan Steel Company registered the highest daily trade value with $3.4 million of its shares traded.

Sobhan Pharmaceutical Company, Saina Company and Pardis Housing Investment Company had the highest increase in shares’ value.

Pasargad Oil Refining Company, Kosar Credit Institution and Sarmayeh Bank faced the highest decline.

Etemad Fund, with the transaction of 3 million shares, registered the highest trade volume among listed exchange-traded funds.