Economy, Business And Markets

Stocks Snap Advance

Stocks Snap AdvanceStocks Snap Advance

Tehran Stock Exchange's all-share index TEDPIX wiped 294 points or 0.37% to close Tuesday trade at 78,394.4. Steel companies, oil refineries and investment companies weighed most on the benchmark.

Over 1 billion shares valued at $96 million changed hands, with the number of traded shares dropping by 500 million compared to the prior trading day.

Hegmatan Cement Company recorded the biggest losses, as its shares went down 4.91% to 2,248 rials each.

Glucosan Company, on the other hand, was the day's biggest riser—its shares jumping 15.50% to 41,713 each.

Mobarakeh Steel Company was the main market laggard with -52.79 points, followed by Credit Pension Fund Investment Company and Bandar Abbas Oil Refining Company with -52.72 and -50.45 points respectively.

Persian Gulf Petrochemical Industries Company gave the biggest lift to TEDPIX with 60.17 points. SAIPA and Islamic Republic of Iran Shipping Lines came next with 45.47 and 31.64 points respectively.

The Price Index shed 111 points or 0.37% to close at 29,589.5.

The First Market Index lost 453.90 points or 0.92% to settle at 54,929.2.

The Second Market Index won 838.10 points or 0.49% to reach 170,987.1.

The Industry Index gave up 240.60 points or 0.37% to finish at 65,206.5.

The Free Float Index withdrew by 480.40 points or 0.54% to post 87,780.50.

The TSE 30 Index retreated 22.40 points or 0.68% to record 3,267.3 while the TSE 50 Index was down 13.60 points or 0.43% to register 3,155.3.

  IFX Down 0.11%

Iran Fara Bourse's primary index IFX inched down by 0.88 points or 0.11% to end at 800.94.

According to IFB data, close to 250 million securities valued at $42.6 million were traded. Daily trade value grew by over $11 million compared to the prior trading day.

Esfahan Steel Company gathered pace and registered the highest number of shares traded and highest daily trade value, as it traded 73.4 million shares worth $5.8 million.

Gostaresh Tejarat va Sarmayeh Iranian Company, Arfa Steel Company and Iran Reinsurance Company had the highest increases in share value, while Pardis Housing Investment Company, Caspian Pharmaceutical Company and Pegah Fars Company experienced the highest declines.

Middle East Mines and Mineral Industries Development Holding Company, Tehran Oil Refining Company and Zagros Petrochemical Company weighed most on the IFX.

Atieh Fund, with the transaction of 997 of its shares, registered the highest trade volume among listed exchange-traded funds.

Furthermore, 59,889 murabaha bonds of Mega Motor with three-month maturity were sold out.