Economy, Business And Markets

TEDPIX Nudges Higher

TEDPIX Nudges HigherTEDPIX Nudges Higher

Tehran Stock Exchange’s main index TEDPIX added 166.60 points or 0.21% to close Sunday trade at 78,448.3. Automakers, investment companies and banks provided the biggest boost to the benchmark.

Close to 1 billion shares valued at $71.4 million were traded, with the number of traded shares and daily trade value almost unchanged compared to the prior trading day.

Hegmatan Cement Company was the day’s biggest riser, with its shares jumping 7.90% to 2,363 rials each. On the other end of the spectrum, Persian Gulf Transportation Company was the main loser, as its shares went down 9.28% to 2,786 rials each.

SAIPA–Iran’s second largest auto manufacturer after Iran Khodro–gave the biggest lift to TEDPIX with 62.26 points, followed by Iran Khodro and Tose’e Melli Investment Group with 48.16 and 42.06 points respectively.

Mobarakeh Steel Company was the biggest market laggard with -62.95 points followed by Golgohar Mining and Industrial Company and Khuzestan Steel Company with -58.75 and -47.9 points respectively.

The Price Index gained 62.90 points or 0.21% to close at 26,609.9.

The First Market Index was up 188.80 points or 0.34% to post 55,013.9.

The Second Market Index shed 75.30 points or 0.04% to settle at 170,852.7.

The Industry Index inched down 4.70 points or 0.01% to finish at 65,420.7.

The Free Float Index gathered 465.16 points or 0.53% to register 87,754.10.

The TSE 30 Index won 14.70 points or 0.54% to reach 3,266.1 while the TSE 50 Index was up 5.40 points or 0.17% to end at 3,159.2.

  IFX End Flat

Iran Fara Bourse’s main index IFX inched up 0.75 points or 0.09% to end at 795.36.

According to IFB data, close to 180 million securities valued at $44.1 million were traded in 25,000 transactions. The number of traded shares dropped by over 80 million and daily trade value was down by about $100 million compared to the previous trading day.

Tehran Oil Refining Company recorded the day’s highest number of shares traded and daily trade value, as 18 million of its shares worth $2.6 million changed hands.

Arfa Steel Company, Kosar Financial Credit Institution and Ravan Fanavar Engineering Company posted the highest increases in share value. Zagna Zinc Company, Asia Zarin Mining Company and Middle East Mines and Mineral Industries Development Holding Company had the biggest declines.

Marun Petrochemical Company and Hormozgan Steel Company were the main laggards behind IFX.

Etemad Fund, with the transaction of 3.1 million of its shares, registered the highest trade volume among listed exchange-traded funds. Furthermore, 50,000 leasing bonds of Dana Systems were sold out.