Economy, Business And Markets

TEDPIX Inches Down 0.21%

TEDPIX Inches Down 0.21%TEDPIX Inches Down 0.21%

TEDPIX, Tehran Stock Exchange’s all-share index, shed 162.40 points or 0.21% to end Saturday trade at 76,690.6. Auto manufacturing, copper and steel companies weighed most on the benchmark.

Over 1 billion shares valued at $65.2 million were traded, with the number of traded shares and daily trade value slightly up compared to the previous trading day (Wednesday).

SAIPA, Iran’s second largest auto manufacturer, posted the day’s biggest loss, dropping 14.32% to 1,268 rials per share. The company dragged down the benchmark by -195.3 points.

Kerman Cement Company was the day’s primary riser, as its shares went up 10.85% to 2,645 rials each. Kaveh Paper Company and Bama Company came next.

Iran Mobile Telecommunications Company gave the biggest lift to TEDPIX, as its shares rose 2.49% to 29,360 rials each.

The Price Index gave up 59.50 points or 0.21% to stop at 28,114.7.

The First Market Index dropped by 276 points or 0.51% to post 53,699.6.

The Second Market Index was up 606.90 points or 0.36% to reach 167,493.9.

The Industry Index retreated by 152.80 points or 0.24% to settle at 63,917.4.

The Free Float Index fell by 388.52 points or 0.45% to register 85,357.80.

The TSE 30 Index was down 23.60 points or 0.75% to finish at 3,134.4 while the TSE 50 Index fell 9.30 points or 0.30% to close at 3,069.2.

 IFX Up 1%

Iran Fara Bourse’s main index gained 8.08 points or 0.99% to end at 825.31.

About 230 million securities valued at $56.1 million changed hands in 48,000 transactions. The number of traded shares dropped by over 100 million while daily trade value jumped by nearly $13 million compared to Wednesday.

Middle East Mines and Minerals Development Holding Company, Marun Petrochemical Company and Damavand Electricity Company provided the biggest boosts to IFX.

Alvand Housing Investment Company, Arfa Steel Company and Ghasem Distribution Company posted the highest increase in share value. Day Insurance, Alborz Bulk Company and MAPNA Group registered the highest losses.

Rail Pardaz Seir Company recorded the highest number of traded shares with 41.8 million of its shares changing hands. Esfahan Steel Company had the highest trade value, as $1.9 million of its shares were transacted.

More than 21 million securities worth $1 million were traded in the First Market. The Second Market witnessed the trading of 140 million securities valued at $11.6 million.

Etemad Fund, with the transactions of 1.6 million of its shares, recorded the highest trade volume among listed exchange-traded funds. Furthermore, 649,000 leasing bonds of RighTel valued at $18.6 million were sold out.