Economy, Business And Markets

TSE Rout Continues as Benchmark Slides

TSE Rout Continues as Benchmark SlidesTSE Rout Continues as Benchmark Slides

TEDPIX, Tehran Stock Exchange’s main index, lost 117.30 points or 0.16% to close trade at 74,700.5 on Monday.

Losses incurred by auto manufacturers, petrochemicals and banks caused the benchmark to extend its three-day losing streak.

Over 670 million shares valued at $44.2 million changed hands for the day.

Khorasan Sugar Company filed the biggest loss, as it went down 4.99% to 11,715 per share.

Iran Ferrosilice Company was the biggest riser, going up 5% to 2,394 rials per share.

Persian Gulf Petrochemical Industries Company weighed most on the benchmark, followed by Bank Mellat and SAIPA Investment Company.

National Iranian Copper Industries Company gave the biggest boost to TEDPIX, followed by Parsian Oil and Gas Development Company and Machine Sazi Arak Company. The Price Index shed 42.70 points or 0.16% to stop at 27,206.8.

The First Market Index lost 39.60 points or 0.08% to reach 51,840.6. The Second Market Index gave up 508.20 points or 0.31% to register 165,905.8. The Industry Index was down 72.90 points or 0.12% to post 62,354.5. The Free Float Index lost 59.31 points or 0.07% to settle at 82,887.90. The TSE 30 Index shed 0.50 points or 0.02% to record 3,019.7 while the TSE 50 Index was down 6.30 points or 0.21% to end at 2,972.

  IFX Down 0.09%

Iran’s Fara Bourse’s benchmark index withdrew by 0.68 points or 0.09% to end at 789.11.

More than 347 million securities valued at $46.6 million changed hands in 34,000 transactions. Esfahan Steel Company weighed most on IFX.

Omid Taban Hour Energy Management Company registered the highest number of traded shares and daily trade value with the transaction of 32.4 million of shares worth $1.7 million.

Close to 65 million securities valued at $4.2 million changed hands in the First Market. The Second Market saw the trading of 60 million securities worth $5.8 million.

Day Insurance, Mavad Vizhe Lia Company and Sina Port and Maritime Company registered the highest increase in share value. Niroo Sarmayeh Company, Fanava Company and Kosar Insurance Company posted the biggest losses.

Etemad Fund, with the transaction of 4.1 million of its shares, recorded the highest trade volume among listed exchange-traded funds.