Economy, Business And Markets

TEDPIX Stays Put

TEDPIX Stays Put TEDPIX Stays Put

Tehran Stock Exchange’s all-share index TEDPIX inched up 10.30 points or 0.01% to end Wednesday trade at 78,404.7.

Robust gains by petrochemical companies and auto manufacturers were mostly canceled out by losing investment, steel and mining companies, leading to a flat day for the benchmark.

Close to 45% of the companies listed at TSE posted gains for the day, with dairy and engineering companies on top.

According to TSE data, more than 1.2 million shares valued at $72.3 were traded on Wednesday. As such, daily trade value shrank by about $20 million compared to Tuesday.

Pak Dairy Company was the main winner of the day, as its shares rose 21.26% to 1,962 rials each, followed by Nasir Machine Engineering Company, gaining 18.80% to 3,374 rials per share.

The value of Shahrood Sugar Company’s shares dropped the most among all listed companies, losing 6.80% to 1,891 rials each.

Persian Gulf Petrochemical Industries Company provided the biggest boost to the benchmark with 67.82 points, followed by SAIPA and Iran Khodro with 66.8 and 56.63 points respectively.

Tose’e Melli Investment Group, with a P/E ratio of 5 and -43.7 points, was the biggest market laggard followed by Khuzestan Steel Company and Golgohar Mining and Industrial Company with -37.6 and -34.76 points respectively.

The Price Index rose 3.90 points or 0.01% to close at 29,593.4.

The First Market Index shed 38.50 points or 0.07% to reach 54,890.7.

The Second Market Index gathered 295.50 points or 0.17% to post 171,282.5.

The Industry Index advanced 29.80 points or 0.05% to register 65,236.3.

The Free Float Index scored 198.56 points or 0.23% to hit 87,979.10.

The TSE 30 Index lost 7.50 points or 0.23% to settle at 87,979.10 while the TSE 50 Index gave up 0.20 points or 0.01% to finish at 3,155.1.

  IFX Slightly Up 

Iran Fara Bourse’s main index IFX gained 1.24 points or 0.15% to end Wednesday trade at 802.18.

According to IFB data, more than 490 million securities valued at $49.6 million changed hands for the day. The number of shares traded nearly doubled and daily trade value rose by about $7 million compared to the prior trading day.

Esfahan Steel Company recorded the highest number of shares traded and highest daily trade value as 46 million of its shares worth $3.7 million were traded.

Arfa Steel Company, Gostaresh Tejarat va Sarmayeh Iranian Company and Asia Zarin Madan Company had the highest increase in share value, while Kosar Financial and Credit Institution, Bank Sarmayeh and Tadbirgaran Fars and Khuzestan Company experienced the biggest losses.

Over 230 million securities valued at $16.5 million changed hands in the First Market. The Second Market played host to the trading of 153 million securities worth $13.2 million.

Etemad Fund, with the transaction of 6.8 million of its shares, registered the highest trade volume among listed exchange-traded funds.