Economy, Business And Markets



Tehran Stock Exchange’s all-share index TEDPIX edged up 1.70 points or less than 0.01% to end Wednesday trade at 75,876.2.

Losses incurred by mining and oil companies canceled out gains by petrochemicals, telecoms and shipping companies, causing the benchmark to end where it started.

Close to 890 million shares valued at $53.1 million changed hands, with daily trade value shrinking by over $30 million compared to the prior trading day.

Bafgh Mining Company had the worst performance, as its shares dropped 4.95% to 4,873 rials each. Alumrad Company and National Iranian Lead and Zinc Company followed.

Shiraz Petrochemical Company registered the biggest gain, jumping 16.10% to 2,827 rials per share, followed by Mellat Leasing Company and Vehicle Axle Manufacturing Company.

Shiraz Petrochemical Company provided the biggest boost to the benchmark by 47.15 points, tailed closely by Iran Mobile Telecommunications Company and Islamic Republic of Iran Shipping Lines Company.

Chadormalu Mining and Industrial Company weighed most on TEDPIX, going down 2.50% to 1,793 rials per share. It was followed by Parsian Oil and Gas Development Company and Golgohar Mining and Industrial Company.

The Price Index inched up 0.70 points or less than 0.01% to close at 27,639.8.The First Market Index shed 84.20 points or 0.16% to settle at 52,911.7. The Second Market Index added 510.60 points or 0.31% to post 167,003.6. The Industry Index was up 29.50 points or 0.05% to reach 63,327.9.

The Free Float Index gave up 99.36 points or 0.12% to finish at 84,533.60. The TSE 30 Index wiped 2.30 points or 0.07% to register 3,081, while the TSE 50 Index lost 0.20 points or less than 0.01% to close at 3,024.1.

 IFX Down 0.54%

Iran Fara Bourse’s benchmark index continued its losing trend as it dropped 4.37 points or 0.54% to 808.3.

Close to 1.2 billion securities valued at $103.6 million were traded on Wednesday. Daily trade value surged nearly fivefold compared to Tuesday.

Omid Taban Hour Energy Management Company, Tabas Coal Company and Parsian Railroad Development Company recorded the biggest gains, while Pasargad Oil Company, Kosar Insurance Company and Chaharmahal Sugar Company posted the largest losses.

Samen Credit Institution registered the highest number of traded shares and daily trade value, as close to 556 million of its shares worth $15.9 million changed hands.

Over 290 million securities valued at $16.4 million were traded in the First Market. The Second Market witnessed the transaction of 133 million securities valued at $56.7 million.

Esfahan Steel Company, Alvand Housing Investment Company and Parsian Railroad Development Company were on investors’ radar.

Middle East Mines and Mining Industries Development Holding Company and Pasargad and Tehran oil companies weighed most on IFX.

Etemad Fund, with the transaction of 2.4 million of its shares, worth $1 million recorded the highest trade volume among listed exchange-traded funds.