Economy, Business And Markets

TSE Benchmark Ends Slightly Higher

TSE Benchmark Ends Slightly HigherTSE Benchmark Ends Slightly Higher

Tehran Stock Exchange’s main index TEDPIX gained 78.90 points or 0.10% to end Tuesday trade at 76,692.8.

Gains by investment and shipping companies as well as industrial holdings provided the biggest boost to the benchmark.

According to TSE data, about 900 million shares valued at $76.1 million were traded for the day, with daily trade value growing by nearly $6 million compared to Monday.

Iran Glass Wool Company was the biggest riser with shares rising 13.74% to reach 8,972 rials each, followed by Niroumoharekeh Machine Tools Company and Omid Investment Group.

Persian Gulf International Transportation Company posted the biggest loss, as it went down 4.999% to 3,125 rials per share. Shahd Iran Company and Iran Carton Company followed.

Omid Investment Group gave the biggest lift to the benchmark, as its shares rose 5.61% to 1,394 rials each. Islamic Republic of Iran Shipping Lines and MAPNA Group came next, rising 2.20% and 2.13% to 5,805 and 9,294 rials per share respectively.

The large-cap Persian Gulf Petrochemical Industries Company dragged down TEDPIX by 57.32 points, even though its shares only suffered a 0.90% setback to 5,383 rials each. National Iranian Copper Industries Company and Iran Khodro were other market laggards.

The Price Index inched up 29.10 points or 0.10% to close at 28,355.9. The First Market Index was up 87 points or 0.16% to post 53,779.9.

The Second Market Index shed 16.60 points or 0.01% to settle at 167,032.4. The Industry Index added 22.10 points or 0.03% to register 63,865. The Free Float Index scored 39.63 points or 0.05% to hit 85,634.50. The TSE 30 Index gave up 3.30 points or 0.10% to record 3,151.1 while the TSE 50 Index rose by 3 points or 0.10% to finish at 3,068.6.

 IFX Stays Put

IFX, Iran Fara Bourse’s main index, inched up 0.11 points or 0.01% to 814.08.

Over 410 million securities valued at $26.8 million changed hands in 28,000 transactions. The number of shares traded nearly doubled compared to Monday, but daily trade value shrank by over $14 million.

Tehran Oil Refining Company, Marun Petrochemical Company and Pasargad Insurance provided the biggest boost to IFX.

Rail Pardaz Seir Company posted the highest number of shares traded with the transaction of 38.3 million shares. Esfahan Steel Company recorded the highest daily trade value when $1.7 million of its shares changed hands.

Tabas Coal Refining Company, Caspian Tamin Pharmaceutical Company and Shirvan Sugar Company registered the highest increase in share value. Baghmisheh Urbanism Company, Afranet Company and Day Insurance filed the biggest declines.

Furthermore, 10,000 participation bonds of Middle East Mines and Mineral Industries Development Holding Company worth $288,000 million were sold out.