Economy, Business And Markets

Sleepy TEDPIX Awakens

Sleepy TEDPIX Awakens
Sleepy TEDPIX Awakens

Tehran Stock Exchange’s all-share index TEDPIX won 156 points or 0.21% to end Saturday trade at 76,138.

Robust gains by auto manufacturers, investment companies and banks helped end the benchmark’s three-day siesta.

Over 620 million shares valued at $42.9 million changed hands for the day, with daily trade value dropping by more than $200 million compared to the prior trading day (Wednesday).

Shoga Company was the biggest winner, as its shares went up 4.99% to 5,387 rials each. On the other end of the spectrum, Lorestan Sugar Company was the biggest loser, as it dropped 5% to 3,252 rials per share.

Iran Khodro provided the biggest boost to the benchmark, as its shares rose 4.29% to 3,426 rials each. Parsian Oil and Gas Development Company was the main market laggard, losing 1.17% to 2,275 rials per share. The Price Index gained 58.80 points or 0.21% to close at 28,691.8.

The First Market Index added 196 points or 0.37% to reach 53,058.8. The Second Market Index was down 175.70 points or 0.10% to finish at 167,796.3.

The Industry Index scored 92.70 points or 0.15% to register 63,558.5. The Free Float Index was up 485.79 points or 0.58% to post 84,488.60.

The TSE 30 Index gathered 14.30 points or 0.46% to hit 3,121.4 while the TSE 50 Index won 5 points or 0.16% to settle at 3,048.6.

  IFX Scores 3 Points

Iran Fara Bourse’s main index IFX was up 3 points or 0.38% to end at 797.11.

Over 370 million securities worth $59.8 million were traded in 42,000 transactions.

With the trading of 84.5 million securities valued at $4.9 million, Esfahan Steel Company recorded the highest number of shares traded and highest daily trade value.

Bahman Diesel Company, Afranet Company and Taknar Copper Mine had the highest increase in share value.

Niroo Sarmayeh Company, Novin Insurance and Chaharmahal Sugar Company posted the biggest declines.

More than 22.3 million securities valued at $1.2 million changed hands in the First Market. The Second Market witnessed the trading of 237.3 million securities valued at $19.6 million.

Etemad Fund recorded the highest trade volume among exchange-traded funds with the transaction of 4.8 million of its shares.

Furthermore, 400,000 participation bonds of Middle East Mines and Mineral Industries Development Holding Company were sold out.