Economy, Business And Markets

TEDPIX Bides Time

TEDPIX Bides TimeTEDPIX Bides Time

Tehran Stock Exchange’s all-share index TEDPIX inched up 9.90 points or 0.01% to close Saturday trade at 78,414.6, as gains made by mining companies and automakers were cancelled out by the loss of banks and investment companies, and the arrival of foreign investors is expected to turn the tide.  

According to TSE data, more than 1.4 billion shares valued at $95.7 million changed hands, with daily trade value growing by over $20 million compared to Wednesday.

Pak Dairy Company was the day’s biggest riser, as its shares went up 4.99% to reach 2,060 rials each.

Fiber Intermediate Products Company was the biggest loser with its shares plummeting 8.38% to 3,770 rials each.

SAIPA with -51.46 points was the biggest laggard for TEDPIX, followed by Bank Mellat and Tamin Oil, Gas and Petrochemical Investment Company with -42.3 and -37 points respectively.

Golgohar Mining and Industrial Company provided the biggest boost to the benchmark with 62.91 points. Iran Khodro and Chadormalu Mining and Industrial Company came next with 60.86 and 49.95 points respectively.

The Price Index inched up 3.80 points or 0.01% to close at 29,597.2.

The First Market Index gained 128.50 points or 0.23% to record 55,019.2.

The Second Market Index shed 703.10 points or 0.41% to settle at 170,578.9.

The Industry Index scored 181 points or 0.28% to hit 65,417.3.

The Free Float Index lost 45.84 points or 0.05% to finish at 87,933.30.

The TSE 30 Index was up 0.10 points or 0.01% to record 3,259.9, while the TSE 50 Index gathered 0.40 points or 0.01% to post 3,155.5.

  IFX Parks at 800

Iran Fara Bourse’s primary index IFX lost 1.67 points or 0.21% to settle at 800.51.

According to IFB data, over 250 million securities worth $84.7 million were traded in 25,000 transactions. Daily trade value jumped by over $30 million compared to the prior trading day.

Esfahan Steel Company recorded the highest number of traded shares and the highest daily trade value, as over 27 million of its shares worth $2.1 million changed hands.

Taknar Copper Company, Arfa Steel Company and Tuka Paint Company recorded the highest increase in share value, while Novin and Kosar insurance companies as well as Ravan Fanavar Engineering Company experienced the highest drops.

More than 17 million securities valued at $1 million were traded in the First Market. The Second Market was host to the trading of 92 million securities worth $9.2 million.

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

Moreover, 58,820 participation bonds of Mashhad’s Majd project with a three-month maturity were sold out.