Economy, Business And Markets

TEDPIX Tumbles Below 81,000 Mark

TEDPIX Tumbles Below 81,000 MarkTEDPIX Tumbles Below 81,000 Mark

Tehran Stock Exchange’s main index TEDPIX lost 684.20 points or 0.84% to end Sunday trade at 80,852.7. Energy, steel and mining companies were the main laggards.

More than 63% of TSE-listed companies ended the day in red, with auto parts manufacturing companies posting the biggest losses.

Over 1.3 billion shares valued at $112 million changed hands, with the number of shares traded and daily trade value rising 10% and 20% respectively compared to the prior trading day.

Zar Spring Company was the biggest loser as its shares lost 4.95% to 1,709 rials each.

Parsian Oil and Gas Development Company was the biggest market laggard with -96.76 points, followed by Mobarakeh Steel Company and MAPNA Group with -96.49 and -76.04 points respectively.

Persian Gulf Petrochemical Industries Company provided the biggest boost to TEDPIX with 165.4 points, followed by National Iranian Copper Industries Company and Golgohar Mining and Industrial Company with 44.87 and 43.56 points respectively.

The Price Index retreated 260.20 points or 0.84% to close at 30,743. The First Market Index dropped 734.10 points or 1.27% to reach 57,015.8. The Second Market Index inched up 23.00 points or 0.01% to settle at 174,218. The Industry Index was down 468.10 points or 0.69% to end at 67,238.3. The Free Float Index lost 1,237.99 points or 1.32% to finish at 92,670.30. The TSE 30 Index registered the highest loss among all indices as it wiped 55.40 points or 1.61% to finish at 3,385.1 while the TSE 50 Index withdrew 33.20 points or 1% to land at 3,280.

  IFX Extends Losing Trend

Iran Fara Bourse’s all-share index IFX lost 12.26 points or 1.51% to close Sunday trade at 797.26.

More than 198 million securities valued at $41.5 million were traded in 29,000 transactions, as daily trade value grew over 60% compared to Saturday.

Esfahan Steel Company registered the highest number of shares traded as 13.3 million of its shares changed hands, while Damavand Electricity Company posted the highest daily trade value with the trading of $2.2 million worth of shares.

Saina Company, Niroo Sarmayeh Company and Sobhan Pharmaceutical Company registered the highest increase in shares’ value. Shiraz Oil Refining Company, Baghmisheh Company and Ravan Fanavar Company posted the highest losses.

Tehran Oil Refining Company, Hormozgan Steel Company and Marun Petrochemical Company were the biggest market laggards.

About 26 million securities valued at $1.6 million changed hands in the First Market. The Second Market witnessed the trading of 98 million securities valued at $9.6 million.

Etemad Fund, with the transaction of 1.5 million of its shares, registered the highest trade volume amid listed exchange-traded funds. Furthermore, 127,000 leasing bonds of RighTel valued at $1.4 million with three-month maturity were sold out.