39144
TEDPIX Sheds 98.70 Points
Economy, Business And Markets

TEDPIX Sheds 98.70 Points

Tehran Stock Exchange’s main index TEDPIX lost 98.70 points or 0.12% to settle Saturday trade at 80,654.0. Copper, oil and gas as well as telecommunications companies weighed most on the benchmark.
Close to 1.1 billion shares valued at $83.5 million changed hands, with the number of shares traded and daily trade value registering significant declines compared to the prior trading day.
Ilam Cement Company registered the highest loss in the value of shares as they plunged 4.99% to 5,142 rials each. Nine other cement companies posted big losses.
SAIPA was the main winner of the day as its shares went up 5% to 1,660 rials each, followed by Navard Aluminum Company, also rising 5% to 1,156 rials per share. SAIPA also gave the biggest boost to TEDPIX (71.89 points).
National Iran Copper Industries Company was the main laggard behind TEDPIX by -63.36 points.
As for other indices, the Price Index shed 37.60 points or 0.12% to close at 30,665.8.
The First Market Index wiped 54.90 points or 0.10% to finish at 56,886.4.
The Second Market Index withdrew 299.50 points or 0.17% to settle at 173,726.5.
The Industry Index lost 157.50 points or 0.23% to post 67,035.2.
The Free Float Index was the only index posting gains among all indices as it went up 92.56 points or 0.10% to reach 93,027.60.
The TSE 30 Index fell 0.40 points or 0.01% to register 3,363.4 while the TSE 50 Index inched down 2.80 points or 0.09% to finish at 3,249.9.

IFX Snaps Losing Trend
Iran Fara Bourse’s primary index IFX snapped last week’s losing streak and added 4.54 points or 0.56% to record 811.58.
More than 316 million securities valued at $65.6 million changed hands in 39,000 transactions. The number of shares traded dropped by over 200 million compared to Wednesday trade. Daily trade value rose by more than 20%, according to IFB data.
Esfahan Steel Company remained on top of the charts as it recorded the day’s highest number of shares traded with 54 million of its shares transacted.
Marun Petrochemical Company, with the trading of $6.6 million of its shares, posted the highest daily trade value.
Sobhan Pharmaceutical Company, Ravan Fanavar Engineering Company and Kharazmi Informatics Company recorded the highest increase in shares’ value.
Sabzevar Cement Company, Tehran Housing Investment Company and Kosar Insurance experienced the highest decline.
Etemad Fund, with the transaction of 3 million of its shares, registered the highest trade volume amid listed exchange-traded funds. Moreover, 50,000 leasing bonds of Dana System Company were sold out.

Short URL : http://goo.gl/AvmCKk
  1. http://goo.gl/0P5Kyv
  • http://goo.gl/Y0eHG0
  • http://goo.gl/crhdl8
  • http://goo.gl/m6wIZf
  • http://goo.gl/4nA6ik

You can also read ...

US Looking East After Fining Europe Over Iran Business
The US effort to put Iran in a financial bind meant European...
Depending on Iran’s progress in completing its action plan, FATF will take further steps in June 2018.
The Financial Action Task Force has recognized measures taken...
Proses has offered to explore a possible SISP at the world class Mehdiabad zinc (lead and silver) project in Iran where it has a role in development planning.
British mining and mineral processing technology company...
Crimean Ports Under Sanctions Looking for Way Out to Iran
Crimea’s ports, which are not operating at full capacity due...
Iran’s Corruption Perceptions Index Improves
Iran’s score based on the Corruption Perceptions Index...
Iranian Internet Service Providers Under Scrutiny
In a bid to increase access to the Internet, the Communication...
Home Security Startup Taps Face-Recognition Tech
A team of engineers that worked on self-driving cars and...
SpaceX successfully deployed a satellite into low Earth orbit for the Spanish government.
SpaceX took a critical step Thursday toward making one of Elon...

Trending

Googleplus