Economy, Business And Markets

Flat Day for TEDPIX

Flat Day for TEDPIXFlat Day for TEDPIX

Tehran Stock Exchange’s main index inched up 32 points or 0.04% to end Monday trade at 76,128.6.

Gains by oil and mining companies as well as banks were mostly negated by losing steel companies, investment groups and auto manufacturers, leading to a flat ending for TEDPIX.

Over 870 million shares valued at $180 million changed hands for the day, with daily trade value posting a dramatic $110 million rise compared to the prior trading day.

Bama Company was the best performer, as its shares jumped 5.59% to 3,625 rials each, followed by Sepanta Company and Pars Oil Company.

Dropping 4.99% to 6,452 rials per share, Iran Fiber Company was the biggest loser, closely tailed by Zar Spring Company and Iran Credit Investment Company.

Parsian Oil and Gas Development Company gave the biggest lift to TEDPIX as it grew 1.63% to 2,300 rials per share. Golgohar Mining and Industrial Company and Bank Mellat came in next.

Mobarakeh Steel Company weighed most on the benchmark, as it lost 1.82% of its shares’ value to 1,241 each. Persian Gulf Petrochemical Industries Company and Ghadir Investment Company followed.

The Price Index shed 11.70 points or 0.04% to stop at 27,791.7.

The Second Market Index was down 51.50 points or 0.10% to reach 53,229.6.

The Second Market Index added 102.50 points or 0.06% to post 166,718.5.

The Industry Index gave up 13.60 points or 0.02% to finish at 63,493.1.The Free Float Index lost 42.12 points or 0.05% to register 85,047.40.

The TSE 30 Index was down 6.50 points or 0.21% to hit 3,103.1 and the TSE 50 Index wiped 4.50 points or 0.15% to settle at 3,037.5.

 IFX Down 0.69%

Iran Fara Bourse’s benchmark index lost 5.67 points or 0.69% to end at 814.78.

More than 230 million securities valued at $31.7 million were traded in 23,000 transactions. The number of traded shares dropped by more than 100 million compared to the previous trading day and daily trade value was nearly halved.

Middle East Mines and Mineral Industries Development Holding Company, Marun Petrochemical Company and Esfahan Steel Company weighed most on IFX, while Pasargad, Tehran and Shiraz oil companies provided the biggest boost to the benchmark.

Esfahan Steel Company recorded the highest number of traded shares and daily trade value, as 20.2 million of its shares worth $1.7 million were transacted.

Shirvan and Chaharmahal sugar companies and Sobhan Pharmaceutical Company registered the highest rise in share value, while Arfa Steel Company, Alvand Housing Investment Company and Bank Hekmat experienced the highest declines.

Bank Day and Tehran Housing Investment Company were also on investors’ radar.

Etemad Fund, with the transaction of 3.9 million of its shares, recorded the highest trade volume among listed exchange-traded funds.