Economy, Business And Markets

TEDPIX Ends Drab Trading Day Lower

TEDPIX Ends Drab Trading Day Lower
TEDPIX Ends Drab Trading Day Lower

Tehran Stock Exchange’s primary index TEDPIX inched down 30.20 points or 0.04% to close at 78,384.4.

The value of close to 60% of the listed companies dropped, with food, electricity and investment firms experiencing the biggest declines.

According to TSE data, over 1.3 billion shares valued at $101 million were traded. As such, daily trade value rose by about $7 million compared to the prior trading day.

Shirin Sugar Company had the worst performance, as its shares dropped 4.99% to 12,211 rials each.

Abidi Pharmaceutical Company posted the biggest gain, as its shares went up 19.01% to 8,170 rials each.

Mobarakeh Steel Company was the biggest laggard for the benchmark with -46.53 points.

Iran Telecommunications Company provided the biggest boost to TEDPIX with 102 points.

The Price Index shed 11.50 points or 0.04% to stand at 29,585.7.

The First Market Index lost 155.90 points or 0.28% to settle at 54,863.3.

The Second Market Index gained 738.70 points or 0.43% to post 171,316.7.

The Industry index inched up 29.50 points or 0.05% to reach 65,446.8. The Free Float Index gave up 344.61 points or 0.39% to finish at 87,588.70. The TSE 30 Index retreated 14.40 points or 0.44% to record 3,245.5, while the TSE 50 Index was down 4.30 points or 0.14% to record 3,151.2.

  IFX Scores 2 Points

Iran Fara Bourse’s all-share index IFX gained 2.04 points or 0.25% to close at 8002.55.

Over 306 million securities valued at $29 million changed hands, with daily trade value shrinking by more than $50 million compared to Saturday.

Esfahan Steel Company registered the highest number of shares traded and daily trade value, as more than 30 million of its shares valued at $2.3 million were traded.

Arfa Steel Company, Tuka Refractories Company and Tuka Paint Company had the highest increase in share value.

Shahed Construction and Development Company, Esfahan Steel Company and Ballast Company had the biggest declines.

Esfahan Steel Company, Tehran Oil Refining Company and Damavand Electricity Company weighed most on IFX.

Etemad Fund, with the transaction of 3.7 million of its shares, registered the highest trade volume among listed exchange-traded funds. Moreover, 7.9 million participation bonds of Joopar Passenger and Freight Trains Company were sold out.