Economy, Business And Markets

TEDPIX Down 0.38%

TEDPIX Down 0.38%TEDPIX Down 0.38%

Tehran Stock Exchange’s all-share index TEDPIX retreated by 287.30 points or 0.38% to close trade at 76,144.2 on Tuesday. Big losses by shipping, auto manufacturing and petrochemical companies caused the benchmark to wipe its meager gains made on Monday.

More than 900 million shares valued at $52.9 million changed hands, with the number of traded shares jumping by close to 150 million compared to the prior trading day.

Shiraz Petrochemical Company was the biggest loser as its shares went down 4.94% to 2,560 rials each, followed by Mahram Company and Zar Spring Company.

Jam Pharmaceutical Company had the highest rise in share value as it grew 5% to 25,330 rials each. Fars Construction and Development Company and Iran Glass Wool Company came next.

Islamic Republic of Iran Shipping Lines weighed most on the benchmark as it reached down 2.17% to 5,779 rials per share. SAIPA, Iran’s second-largest auto manufacturer, and its archrival, Iran Khodro, stood at second and third places respectively.

By rising 2.30% to 2,048 rials per share, Ghadir Investment Company gave the biggest lift to TEDPIX, followed by Bank Pasargad and Bank Mellat.

The Price Index shed 105 points or 0.38% to stop at 27,843.6.

The First Market Index lost 173.10 points or 0.32% to reach 54,297.1.

The Second Market Index wiped 792.80 points or 0.47% to finish at 166,418.2.

The Industry Index retreated by 319.80 points or 0.50% to post 63,408.8.

The Free Float Index was down 289.93 points or 0.35% to settle at 84,817.50.

The TSE 30 Index tumbled 7.30 points or 0.23% to record 3,113.6, while the TSE 50 Index sank by 10.70 points or 0.35% to end at 3,044.7.

 IFX Sheds 4 Points

Iran Fara Bourse’s primary index IFX slipped 4.44 points or 0.42% to end at 816.46.

Over 1.3 billion securities valued at $55.8 million were traded in 20,000 transactions, with daily trade value shrinking by close to $20 million compared to Monday.

Bank Hekmat accounted for the highest number of shares traded as 15.7 million of its shares changed hands and Esfahan Steel Company posted the day’s highest trade value as $926,000 worth of its shares were transacted.

Damavand Electricity Company weighed most on IFX.

Parsian Rail Company, Alvand Housing Investment Company and Albroz Etela Company had the highest increase in share value, while Tuka Paint Company, Gostaresh Tejarat va Sarmayeh Iranian and MAPNA Group experienced the biggest drops.

Over 59 million securities valued at $4 million were traded in the First Market and the Second Market witnessed the trading of 64 million securities valued at $4.5 million.

Etemad Fund, with the transactions of 11.6 million of its shares, recorded the highest trade volume among listed exchange-traded funds.