Economy, Business And Markets

TEDPIX Trade Lackluster

TEDPIX Trade LacklusterTEDPIX Trade Lackluster

Tehran Stock Exchange’s all-share index TEDPIX inched up 19.40 points or 0.02% to close Monday trade at 80,872.1.

Petrochemical, steel and auto manufacturing companies gave the biggest boost to the benchmark, while pharmaceutical and insurance firms were the worst performers.

More than 1.2 billion shares valued at $89.8 million were transacted, with daily trade value dropping by more than $20 million compared to Sunday.

Pars Khazar Company was the main riser of the day as its shares went up 5% to reach 12,023 rials each.

Exir Pharmaceutical Company hit the bottom of the chart, wiping 5% to 21,750 rials per share.

Jam Petrochemical Company gave the biggest lift to TEDPIX with 74.3 points. Mobarakeh Steel Company and Iran Khodro followed with 59.09 and 28.36 points respectively.

Bandar Abbas Oil Refining Company was the biggest market laggard as it dragged down the benchmark by -65.88 points, followed by Golgohar Mining and Industrial Company and Saipa auto manufacturing company with -58.95 points and -58.24 points respectively.

The Price Index crawled up 7.40 points or 0.02% to stop at 230,750.7.

The First Market Index retreated 57.50 points or 0.10% to settle at 56,958.3.

The Second Market Index had the highest rise among all indices as it jumped 465.50 points or 0.27% to hit 174,683.5.

The Industry Index advanced 62.30 points or 0.09% to reach 67,300.6.

The Free Float Index gained 47.82 points or 0.05% to post 92,718.10.

The TSE 30 Index inched up 2.10 points or 0.06% to register 3,387.2 while the TSE 50 Index wiped 7.80 points or 0.24% to finish at 3,272.2.

  IFX Snaps Losing Streak

Iran Fara Bourse’s main index IFX added 3.26 points or 0.41% to snap its three-day losing streak and stop at 800.52.

Close to 250 million securities valued at $34.2 million changed hands in 32,000 transactions, with the number of shares traded rising by more than 50 million compared to Sunday.

For the second day in a row, Esfahan Steel Company recorded the highest number of shares traded and highest daily trade value, as 75.5 million of its shares valued at $5.7 million were transacted.

Saina Company, Ghasem Distribution Company and Sabzevar Cement Company posted the highest increase in shares’ value.

Shiraz Oil Refining Company, Ravan Fanavar Engineering Company and Ballast Company registered the highest decline.

Marun and Zagros petrochemical companies provided the biggest boost to IFX.

Etemad Fund, with the transaction of 2.8 of its shares, registered the highest trade volume among listed exchange-traded funds. Furthermore, 7,356 leasing bonds of RighTel with three-month maturity were sold out.