Economy, Business And Markets

TEDPIX Inches Close to 76,000 Mark

TEDPIX Inches Close to 76,000 MarkTEDPIX Inches Close to 76,000 Mark

Tehran Stock Exchange’s main index TEDPIX gained 117.30 points or 0.15% to close Monday trade at 75,980.5. Oil, gas and petrochemical companies as well as banks provided the biggest boost to the benchmark while refractory, detergent and spring producing companies led the market.

Over 900 million shares changed hands valued at $70.1 million for the day.

Pars Refractories Company was the day’s main riser, going up 5% to 6,091 rials per share. It was followed by Tidewater Middle East Company and Zar Spring Company.

Iran China Clay Industries Company recorded the biggest loss among all companies, as its share dropped 13.74% in value to 2,581 rials each. It was followed by Saipa Azin Company and Omid Investment Company.

Tamin Oil, Gas and Petrochemical Company’s 2.45% gain in share value to 2,214 rials per each gave the biggest boost to TEDPIX. The heavyweight Bank Mellat and Parsian Oil and Gas Development Company came in next.

Chadormalu Mining and Industrial Company extended its losing streak going down 4.36% in share value to 1,909 rials per share and proving to be a laggard. It was followed by National Iran Copper Industries Company and Bank Pasargad.

The Price Index gained 44.10 points or 0.15% to stop at 28,591.

The First Market Index added 111.80 points or 0.21% to reach 52,995.6.

The Second Market index was up 79.60 points or 0.05% to register 167,167.6.

The Industry Index scored 69.60 points or 0.11% to settle at 63,436.1.

The Free Float Index won 96.58 points or 0.11% to hit 84,294.60.

The TSE 30 Index inched up 6.20 points or 0.20% to finish at 3,121.2 while the TSE 50 Index gained 7.50 points or 0.25% to settle at 3,045.7.

  IFX Up 0.27%

Iran Fara Bourse’s main index IFX advanced by 2.18 points or 0.27% to close at 801.14.

More than 345 million securities valued at $57.2 million were traded in 35,000 transactions, with the number of shares traded dropping down 100 million compared to the prior trading day.

Esfahan Steel Company, with the trading of 71.3 million shares worth $6.2 million, extended its winning streak and recorded the day’s highest number of traded shares and biggest daily trade value.

Tuka Refractories Company as well as Day and Mihan insurance companies posted the highest increase in share value. Arfa Steel Company, Zarin Madan Asia Company and Pasargad Oil Company experienced the biggest declines.

Marun Petrochemical Company and Lavan and Shiraz oil refining companies provided the biggest boost to IFX.

Arman Ati Kosar Fund recorded the highest trade volume among exchange-traded funds with the transaction of 5.4 million shares.