Economy, Business And Markets

TSE Gauge Inches Up 0.12% in Sluggish Trade

TSE Gauge Inches Up 0.12% in Sluggish TradeTSE Gauge Inches Up 0.12% in Sluggish Trade

Tehran Stock Exchange’s main index TEDPIX inched up 93.70 points or 0.12% to settle Tuesday trade at 80,965.8.

Close to 60% of the listed companies recorded increases in their shares prices. Electricity, cement and copper companies were the main risers, while pharmaceutical and mining companies had the most downbeat performance.

Over 1.2 billion shares valued at $92.1 million were traded, with daily trade value posting a nearly $2 million gain compared to Monday.

Karoon Cement Company was the day’s biggest gainer, as its shares went up 5% to 3,614 rials each.

The biggest loser was Sina Pharmaceutical Company, whose shares dropped 5% to 26,410 rials each.

Iran Khodro Company–the country’s largest auto manufacturer–gave the biggest boost to TEDPIX by 57.15 points. SAIPA and Telecommunications Company of Iran followed with 40.99 and 35.54 points respectively.

Chadormalu Mining and Industrial Company was the main market laggard with -56.73 points. Golgohar Mining and Industrial Company and Iranian Shipping Lines Company followed with -49.56 and -47.16 points respectively.

The Price Index rose 35.60 points or 0.12% to close at 90,785.2. The First Market Index advanced 67.20 points or 0.12% to post 57,025.5. The Second Market Index gained 195.30 points or 0.11% to register 174,873.3. The Industry Index won 80.40 points or 0.12% to reach 67,381. The Free Float Index posted the highest gain among all indices and added 337.40 points or 0.36% to hit 93,055.50. The TSE 30 Index shed 1.30 points or 0.04% to close at 3,395.9, while the TSE 50 Index lost 4.20 points or 0.13% to finish at 3,268.


  IFX Up 1%

Iran Fara Bourse’s main index IFX moved up 8.04 points or 1% to close at 808.56.

Over 387 million securities changed hands valued at $30.2 million in 39,000 transactions. The number of shares traded rose by over 130 million, while daily trade value shrank about $4 million compared to Monday.

For the third day in a row, Esfahan Steel Company recorded the highest number of shares traded as 26 million of its shares changed hands.

Damavand Electricity Company posted the day’s highest trade value.

Taknar Copper Mine, Sabzevar Cement Company and Kosar Insurance had the highest increase in shares’ value.

Novin Insurance, Fanava Group and Ravan Fanavar Company recorded the highest decline.

The First Market traded 40 million securities valued at $2.1 million, with Sobhan Investment Company posting the highest number of shares traded and highest daily trade value.

Moreover, 140 million securities valued at $13.9 million changed hands in the Second Market, with Kosar Insurance, Ghasem Distribution Company and Pegah Fars Company experiencing the highest rise in their shares’ value.

Marun Petrochemical Company kept its Monday standing as the top contributor to IFX’s growth.

Arman Kosar Fund, with the transaction of 2.9 million of its shares, registered the highest trade volume among listed exchange-traded funds.