Economy, Business And Markets

TEDPIX Takes Tepid Turn

TEDPIX Takes Tepid TurnTEDPIX Takes Tepid Turn

Tehran Stock Exchange’s main index edged up 76.40 points or 0.10% to close Sunday trade at 76,160.6.

Automakers and steel companies were the main driving force behind TEDPIX’s tepid growth, as banks, petrochemicals and investment companies weighed on the benchmark.

More than 860 million shares valued at $67.8 million were traded for the day, as daily trade value rose by more than $15 million compared to the prior trading day.

Auto manufacturing was the best performing sector, as it witnessed the trading of 635 million shares worth $20.5 million. Base metals and metal products sectors came in second and third.

Iran Zinc Mines Development Company was the primary riser, as its shares went up 8.10% to 1,601 rials each. It was followed by Mellat Leasing Company and Niroumoharekeh Machine Tools Company.

Motogen Company incurred the largest loss with its shares’ value dropping 4.98% to 6,300 rials each, tailed closely by Alborz Cable Company and Etebare Iran Investment Company.

Iran Khodro, Iran’s largest auto manufacturer, provided the biggest boost to TEDPIX as its shares jumped 4.47% to 3,736. IKCO’s archrival, SAIPA, and Mobarakeh Steel Company came next.

Bank Mellat, with its shares’ value shrinking 1.88% to 2,250 rials each, was the biggest market laggard. Persian Gulf Petrochemical Industries Company and Credit and Pension Fund Investment Company were next in line.

The Price Index scored 27.90 points or 0.10% to stop at 27,814.6. The First Market Index added 58.90 points or 0.11% to reach 53,281.1. The Second Market Index inched up 135.30 points or 0.08% to record 166,616.3. The Industry Index gained 132.60 points or 0.21% to settle at 63,506.7. The Free Float Index added 277.34 points or 0.33% to post 85,089.50.The TSE 30 Index gathered 4.50 points or 0.14% to hit 3,109.6, while the TSE 50 Index edged up 1 points or 0.03% to finish at 3,042.

 IFX Ends at 820.45

IFX, Iran Fara Bourse’s all-share index, reached up 5.8 points or 0.71% to 820.45.

Over 344 million securities valued at $65.3 million were traded; as such, the number of traded shares was nearly halved compared to the previous trading day, while daily trade value grew by $14 million.

Esfahan Steel Company, with the trading of 20 million shares worth $1.9 million posted the highest number of traded shares and daily trade value.

Parsian Rail Company, Minoo Industrial Company and Asia Zarin Madan Company registered the highest increase in share value, while Yazd Alloy Steel Industries Company, Alborz Bulk Company and Alvand Housing Investment Company experienced the biggest decline.

The First Market played host to the trading of 47 million securities valued at $3.9 million and over 58.4 million securities valued at $5 million changed hands in the Second Market.

Bank Day, Tehran Oil Refining Company and Tehran Housing Investment Company were on investors’ radar.

Marun Petrochemical Company and Pasargad Oil Company gave the biggest lift to IFX.

Etemad Fund, with the transaction of 1.6 million of its shares, recorded the highest trade volume among listed exchange-traded funds.