Economy, Business And Markets

TEDPIX Hovers Around 78,000 Level

TEDPIX Hovers Around 78,000 LevelTEDPIX Hovers Around 78,000 Level

Tehran Stock Exchange’s all-share index TEDPIX lost 241 points or 0.31% to end Tuesday trade at 78,044.4.

Losses incurred by oil and petrochemical companies were the main cause of the benchmark’s downfall.

Over 1.2 billion shares valued at $141.3 million were traded for the day. The number of traded shares was slightly lower compared to the previous trading day, while daily trade value jumped by more than $45 million.

Iran Fiber Company was the day’s biggest loser, with shares going down 4.92% to 7,636 rials each.

Alumrod Company posted the biggest gains with shares jumping 5% to reach 2,919 rials each.

Bandar Abbas Oil Refining Company was the biggest laggard for TEDPIX with -42.2 points, followed by Esfahan Oil Refining Company and Persian Gulf Petrochemical Company with -34.03 and -33.34 points respectively.

Iran Telecommunications Company gave the biggest lift to TEDPIX with 93.8 points. Bank Mellat and Iran Mobile Telecommunications Company followed with 46.9 and 26.21 points respectively.

The Price Index lost 90.90 points or 0.31% to close at 29,456.4.The First Market Index was down 185 points or 0.34% to post 54,664.7.

The Second Market Index gave up 428.90 points or 0.25% to register 170,339.1.The Industry Index wiped 250.60 points or 0.38% to finish at 65,136.4

The Free Float Index retreated by 279.13 points or 0.32% to settle at 87,277.90.

The TSE 30 Index slid by 13.60 points or 0.42% to end at 3,227, while the TSE 50 Index sank by 12.20 points or 0.39% to record 3,135.7.

  IFX Loses 1.5 Points

Iran Fara Bourse’s main index IFX inched down 1.5 points or 0.19% to settle at 798.68.

More than 287 million securities valued at $45 million changed hands in 25,000 transactions. Daily trade value rose slightly compared to Monday.

With the trading of 25 million shares valued at $2.02 million, Esfahan Steel Company recorded the highest number of traded shares and biggest trade value.

Tuka Paint Company, Yazd Alloy Steel Company and Hormozgan Steel Company had the highest increase in share value. Novin Insurance, Asia Zarin Madan Company and Iranian Reinsurance Company experienced the biggest declines.

Over 32 million securities valued at $2 million were traded in the First Market, with Yazd Alloy Steel Company accounting for the highest number of shares traded and trade value.

The Second Market witnessed the trading of 117 million securities valued at $10 million with Esfahan Steel Company recording the highest number of traded shares and daily trade value.

Kosar Fund, with the transaction of 7 million shares worth $2.1 million, registered the highest trade volume among listed exchange-traded funds. Meanwhile, 500,000 leasing bonds of Iran Telecommunications Company were sold out.