TSE Gauge at 4-Month Low
Economy, Business And Markets

TSE Gauge at 4-Month Low

Tehran Stock Exchange’s all-share index TEDPIX lost 475.60 points or 0.62% to end Tuesday trade at 76,630.4.
Significant losses incurred by heavy vehicles, mining and oil refining companies wiped feeble gains by shipping and investment firms, and brought the benchmark to a four-month low.
Over 1.1 billion shares valued at $152.7 million changed hands, according to TSE data. The number of shares traded rose slightly, while daily trade value jumped over 230% compared to the prior trading day.
More than 60% of the TSE-listed companies posted losses for the day. Saipa Azin Company was the biggest loser as its shares’ value sank 4.89% to 1,535 rials each.
Loabiran Company was the main winner, as it went up 4.99% to 2,544 rials per share.
The 164 billion-rial worth goliath, Iran Khodro, weighed most on TEDPIX as its shares suffered a 4.65% drop in value, to 3,445 rials each.
Islamic Republic of Iran Shipping Lines gave the biggest lift to the benchmark as its shares gained 1.66% to reach 6,014 rials each.
The Price Index gave up 179.30 points or 0.62% to end at 28,888.6.
The First Market Index lost 435.30 points or 0.81% to post 53,392.5.
The Second Market Index shed 427.50 points or 0.25% to finish at 168,933.5.
The Industry Index was down 398.30 points or 0.62% to register 64,045.9.
The Free Float Index dropped by 689.23 points or 0.81% to settle at 84,822.60.
The TSE 30 Index retreated by 25.50 points or 0.81% to hit 6,135.8 while the TSE 50 Index fell by 21.90 points or 0.71% to record 3,069.5.

  IFX Up 0.19%
Iran Fara Bourse’s primary index IFX gained 1.56 points or 0.19% to close at 802.86.
More than 600 million securities valued at $42.6 million were transacted. The number of traded shares more than doubled, while daily trade value shrank by more than $30 million compared to Monday.
Esfahan Steel Company registered the highest number of traded shares and daily trade value, as 44.7 million of its shares worth $3.4 million changed hands.
Arfa Steel Company, Tuka Paint Company and Pars Paper Company had the highest increase in share value. Iran Reinsurance Company, Hormozgan Steel Company and Zangan Zinc Company registered the most declines.
Hormozgan Steel Company and Lavan and Shiraz oil refining companies weighed most on IFX.
Over 27.7 million securities valued at $1.7 million were traded in the First Market. The Second Market witnessed the trading of 147.4 million securities valued at $14.6 million.
Etemad Fund registered the highest trade volume among exchange-traded funds with the trading of 6.3 million of its shares. Moreover, 301,000 participation bonds of Golgohar Industrial and Mining Company with a three-month maturity were sold out.


Short URL : http://goo.gl/d68RWC
  1. http://goo.gl/K3zD2C
  • http://goo.gl/OdcrKp
  • http://goo.gl/JyDBZj
  • http://goo.gl/0RkNve
  • http://goo.gl/VhAN9x

You can also read ...

Qatar, Oman Becoming Iran's New Trade Gateways
Iran is working to curb its trade ties with the UAE, replacing...
Connectivity Central to Iran-India Future Ties
Iranian President Hassan Rouhani’s recent state visit to India...
Nissan to Test Self-Driving Taxis
Nissan Motor Co is taking its first steps to becoming an...
Export Billet Prices Climb Amid Higher Offers, Transactions
Iranian export billet prices went up by $5-15 per ton on an...
Coated Steel Strip Production Jumps 42% in 10 Months
Iran’s coated steel strip output reached a record 1.26 million...
Renewed Efforts to Sideline US Dollar in Foreign Trade
Months after a meeting between Iran’s Leader Ayatollah Seyyed...
Exports to Thailand, Indonesia See Biggest Rise
Iran’s exports to Thailand and Indonesia, crude oil excluded,...
Rial Gaining Ground
Rial continued its gain against the US dollar in Tehran's...