Economy, Business And Markets

TEDPIX Notches Modest Gains

TEDPIX Notches Modest GainsTEDPIX Notches Modest Gains

Tehran Stock Exchange’s main index scored 160.20 points or 0.21% to close Wednesday trade at 76,853. Gains by shipping, oil, steel and investment companies gave the biggest lift to TEDPIX.

Close to 950 million shares valued at $63.8 million changed hands for the day, as such daily trade value shrank by nearly $14 million compared to Tuesday.

Jam Pharmaceutical Company was the leader, as its shares went up 5% to 25,480 rials each. It was followed by Pars Switch Company and Iran Khodro Axel Manufacturing Company.

Sina Chemical Industries Company posted the biggest loss, going down 4.96% to 14,780 rials per share, followed by Iran Fiber Company and Darou Pakhsh Distribution Company.

Islamic Republic of Iran Shipping Lines provided the biggest boost to the benchmark with its shares rising 2.33% to 5,490 rials each. Bandar Abbas Oil Refining Company, Ghadir Investment Company and Mobarakeh Steel Company came next.

Jam Petrochemical Company was the biggest laggard, as it dropped 2.86% to 9,309 rials per share, tailed by Iran Mobile Telecommunications Company and Bank Tejarat.

The Price Index gained 58.30 points or 0.21% to end at 28,176.4.

The First Market Index was up 195.70 points or 0.36% to reach 53,975.6.

The Second Market Index fell by 144.60 points or 0.09% to settle at 166,887.4.

The Industry Index added 205.20 points or 0.32% to reach 64,746.30.

The Free Float Index won 111.84 points or 0.13% to hit 85,746.30.

The TSE 30 Index inched up 6.90 points or 0.22% to post 3,158 while the TSE 50 Index scored 9.90 points or 0.32% to finish at 3,078.5.

  IFX Adds 3 Points

Iran Fara Bourse’s all-share index IFX advanced by 3.15 points or 0.39% to stop at 817.23.

Close to 350 million securities worth $43.1 traded in 26,000 transactions. The number of traded shares dropped by over 50 million, while daily trade value nearly doubled compared to Tuesday.

Alvand Housing Investment Company and Bahman Diesel Company had the highest increase in share prices. Tabas Coal Company, Niroo Sarmayeh Company and Tuka Refractories Company posted the highest losses.

Esfahan Steel Company registered the highest number of traded shares in addition to the highest daily trade value, as 26 million of its shares worth $2.2 million changed hands.

More than 27 million securities valued at $1.4 million traded in the First Market. The Second Market saw the trading of 126 million securities worth $17.7 million.

Etemad Fund, with the transactions of 3.1 million of its shares, recorded the highest trade volume among listed exchange-traded funds. Furthermore, 300,000 leasing bonds of Dana Systems were sold out.