Economy, Business And Markets

TEDPIX Sinks Below 76,000

TEDPIX Sinks Below 76,000TEDPIX Sinks Below 76,000

Tehran Stock Exchange’s main index lost 254.10 points or 0.33% to end Tuesday trade at 75,874.5 on underperformance of banks, auto manufacturers and mining companies.

More than 930 million shares valued at $88.1 million were traded with a daily trade value shrinking by over $100 compared to Monday.

Mobarakeh Steel Company was the biggest loser, as it went down 5% to 1,179 rials per share. It was followed by Niroumoharakeh Machine Sazi Company and Kaveh Paper Industries Company.

Bafgh Mining Company posted the biggest gain, as its shares’ value rose 21.06% to 5,127 rials per share. Exir Pharmaceutical Company and Sepanta Company came in next.

Bank Mellat weighed most on TEDPIX as it lost 1.59% of its shares’ value down to 2,234 rials for each share. SAIPA and Iran Khdoro, Iran’s biggest automakers, followed.

Bank Saderat gave the biggest boost to the benchmark with its shares rising 1.43% to 990 rials per share, tailed closely by Iran Transfo Company and Arak Machine Sazi Company.

The Price Index shed 92.60 points or 0.33% to stop at 27,664.3.

The First Market Index tumbled 233.70 points or 0.44% to reach 52,995.9.

The Second Market Index was down 224.30 points or 0.13% to register 166,793.7.

The Industry Index lost 194.70 points or 0.31% to hit 63,298.4.

The Free Float Index gave up 414.44 points or 0.49% to finish at 844,633.

The TSE 30 Index wiped 19.80 points or 0.64% to post 3,083.3, while the TSE 50 Index was down 13.20 points or 0.43% to settle at 3,024.3.

 IFX Down 0.26%

IFX, Iran Fara Bourse’s main index, lost 2.11 points or 0.26% to close at 812.67.

More than 340 million securities valued at $22.6 million changed hands in 23,000 transactions. The number of traded shares was up, while daily trade value was down by more than $10 million compared to Monday.

Tehran Oil Refining Company weighed most on the benchmark.

Esfahan Steel Company registered the highest number of traded shares and daily trade value as 32 million of its shares worth $2.8 million changed hands.

More than 19 million securities valued at $1.3 million were traded in the First Market. The Second Market was host to the transaction of 96.7 million securities valued at $8.6 million.

Tuka Paint Company, Parsian Rail Company and Central Kosar Company experienced the highest increase in their shares’ value, while Marjankar Company, Alvand Housing Investment Company and Khazar Shipping Company posted the biggest losses.

Etemad Fund, with the transaction of 2.4 million shares, recorded the highest trade volume among listed exchange-traded funds.