Economy, Business And Markets

Flat Day for TEDPIX

Flat Day for TEDPIXFlat Day for TEDPIX

Tehran Stock Exchange’s main index inched up 44.50 points or 0.06 to end Monday trade at 76,431.5. Gains by large-cap petrochemical and shipping companies as well as banks were mostly negated by the drop in oil refining and copper companies’ shares, resulting in a flat day for TEDPIX.

Over 770 million shares valued at $51.4 million were traded for the day, with the number of traded shares shrinking by more than 250 million compared to Sunday.

Abadan Petrochemical Company was the main riser as its shares jumped 5% to 2,332 rials each. Iran Credit Investment Company and Behbahan Cement Company followed.

Loghman Pharmaceutical Company posted the biggest loss with its share value shrinking 9.60% to 3,313 rials each. Iran Ferrosilice Company and Pars Shahab Company came next.

Bank Pasargad provided the biggest boost to TEDPIX, with its shares rising 2.20% to 1,206 rials each, followed by Jam Petrochemical Company and Islamic Republic of Iran Shipping Lines.

Esfahan Oil Refining Company weighed most on the benchmark as it dropped 1.72% to 2,974 rials per share, followed by National Iranian Copper Industries Company and Persian Gulf Petrochemical Industries Company.

The Price Index inched up 16.20 points or 0.06% to close at 27,951.8.

The First Market Index edged down 12.40 points or 0.02% to post 53,470.2.

The Second Market Index won 354.50 points or 0.21% to reach 167,211.5.

The Industry Index scored 12 points or 0.02% to register 63,728.6.

The Free Float Index added 129.60 points or 0.15% to settle at 85,116.40.

The TSE 30 Index rose by 3.90 points or 0.13% to settle at 3,120.9 while the TSE 50 Index stayed put at 3,055.4.

 IFX Ends Likewise

Iran Fara Bourse’s main index IFX edged down by 0.03 point or less than 0.01% to stop at 819.9.

Over 196 million securities worth $74.8 million changed hands, with daily trade value shooting up by over $33 million compared to Sunday.

Esfahan Steel Company registered the highest number of traded shares among IFB listed companies and highest daily trade value, as 37 million of its shares worth $3.3 million were traded.

Parsian Rail Company, Alvand Housing Investment Company and Marjankar Company had the highest increase in share value. Minoo Industrial Company, Arman Insurance and Fanava Group registered the biggest drops.

Esfahan Steel Company, Marun Petrochemical Company and Damavand Electricity Company gave the biggest boosts to IFX.

Etemad Fund, with the transactions of 5.3 million shares, recorded the highest trade volume among listed exchange-traded funds. Furthermore, 779,310 leasing bonds of Shiraz Municipality valued at $22.1 million were sold out.