Economy, Business And Markets

TEDPIX Breaks Above 80,000 Mark

TEDPIX Breaks Above 80,000 MarkTEDPIX Breaks Above 80,000 Mark

Tehran Stock Exchange’s main index TEDPIX advanced 870.20 points or 1.10% to close Monday trade at 80,236.7. Steel and mining companies as well as telecoms were the main driving force behind the benchmark’s growth.

Over 60% of the companies listed at TSE recorded wins on Monday. Mining and mineral industrial companies and auto manufacturers posted the biggest gains.

More than 1.4 billion shares changed hands valued at $141.4 million. Daily trade value jumped over $20 million compared to the prior trading day.

Butane Industrial Group was the day’s main winner as it went up 11.19% to 3,300 rials per share. It was followed by Iran Mineral Investment Company with 6.67% growth to 1,312 rials per share.

Mobarakeh Steel Company maintained its lead among main benchmark boosters with a P/E ratio of 13 and 120.95 points. Iran Telecommunications Company and MAPNA Group tailed closely with 108.8 and 108.2 points respectively.

Persian Gulf Petrochemical Industries Company was the biggest market laggard for the second day in a row with -81.78 points. Esfahan Oil Refining Company and Jam Petrochemical took the next ranks with -38.7 and -38.53 points respectively.

The Price Index jumped 332.80 points or 1.10% to end at 30,681. The First Market Index reached up 793.70 points or 1.42% to stop at 56,622.3, recording the highest rise among all indices. The Second Market Index gathered 796.50 points or 0.46% to reach 172,646.5. The Industry Index advanced 882.40 points or 1.34% to post 66,824.9.

The Free Float Index soared 1,148.83 points or 1.27% to hit 91,515.40.

The TSE 30 Index was up 42.30 points or 1.25% to record 3,438.4 and the TSE 50 Index gained 41.90 points or 1.30% to finish at 3,264.7.

> IFX Down 1.07%

Iran Fara Bourse’s all-share index IFX lost 8.68 points or 1.07% to end at 801.65.

More than 729 million securities valued at $171.5 million changed hands, with the daily trade value dropping more than $120 million compared to Saturday’s figures.

Iranian Cultural Heritage and Tourism Investment Group recorded the highest number of shares traded, as 328.7 million of its shares changed hands while $70 million of Damavand Power Generation Management Company’s shares were traded, posting the highest daily trade value.

Saina Company, Sobhan Pharmaceutical Company and Ghasem Distribution Company had the highest increase in shares’ value. Tehran Oil Refining Company, Shahed Construction and Development Company and Tuka Paint Company posted the highest decline.

Marun Petrochemical Company, Tehran Oil Refining Company and Iranian Petrochemical Investment Group had the most negative impact on IFX.

Etemad Fund, with the transaction of 2.6 million of its shares valued at $941,000, registered the highest trade volume and value among listed exchange-traded funds.