TEDPIX Breaks Below Another Resistance Level
Economy, Business And Markets

TEDPIX Breaks Below Another Resistance Level

Tehran Stock Exchange’s benchmark index plunged by 740.80 points or 0.99% to close Tuesday trade at 73,959.7, reaching its lowest since February 3. Losing oil and petrochemical companies as well as large-cap auto manufacturers were the main cause behind TEDPIX’s freefall.
More than 920 million shares valued at $57.6 million changed hands for the day.
Kaveh Paper Industries Company posted the biggest of losses among all TSE-listed companies by dropping 4.99% to 5,047 rials per share. It was followed by Fars Chemical Industries Company and Shiraz Petrochemical Company.
Iran Mineral Processing Research Center saw the biggest gain, going up 4.98% to 3,391 rials per share. Iran Argham Company and Iran Tractor Foundry Company came next.
Bandar Abbas Oil Refining Company weighed most on TEDPIX, followed closely by Iran Khodro and SAIPA, Iran’s two largest auto manufacturers.
Bank Tejarat provided the biggest boost to the benchmark, followed by Mobin and Shiraz petrochemical companies.
The Price Index shed 269.80 points or 0.99% to stop at 26,936.
The First Market Index nosedives by 639.50 points or 1.23% to 51,201.1.
The Second Market Index gave up 899.60 points or 0.54% to 165,005.4.
The Industry Index wiped 619.60 points or 0.99% to 61,734.9.
The Free Float Index fell by a whopping 1,089.73 points or 1.31% to 81,798.20.
The TSE 30 Index also lost 40.20 points or 1.33% to 2,979.5 and the TSE 50 Index shed 31.40 points or 1.06% to 2,940.6.

 IFX Down 1%
Iran Fara Bourse’s all-share index extended its six-day losing streak by shedding 7.96 points or 1.01% to end at 781.15.
About 400 million securities valued at $64.6 million were traded in 30,000 transactions.
Tehran and Lavan oil refining companies weighed most on the benchmark.
Omid Taban Hour Energy Management Company registered the highest number of traded shares, as 25.6 million of its shares changed hands. Damavand Electricity Company filed the highest daily trade, as $2.2 million worth of its shares were transacted.
Saman and Kosar insurance companies as well as Chaharmahal Sugar Company had the highest increase in share value. Marun Petrochemical Company, Niroo Sarmayeh Company and Shiraz Oil Refining Company saw the biggest losses.
The First Market witnessed the trading of 61 million securities valued at $3.6 million. Over 93 million securities valued at $36 million changed hands in the Second Market.
Furthermore, 100,870 leasing bonds of MAPNA Group with a three-month maturity were sold out.


Short URL : http://goo.gl/WTsazc
  1. http://goo.gl/WjvvAd
  • http://goo.gl/AATbxf
  • http://goo.gl/zlZqAy
  • http://goo.gl/BISxF0
  • http://goo.gl/UU9Xmj

You can also read ...

How China Became Iran’s Coziest Trade Partner?
From bilateral trade to finance contracts and civil projects,...
The economy of the Islamic Republic of Iran has been tied to political and foreign affairs developments over the years.
This is the Financial Tribune’s last edition of the current...
Iranian Banking Sector Awaits Full JCPOA Benefits
Iran’s Deputy Foreign Minister Abbas Araqchi addressed various...
President Hassan Rouhani on Sunday spoke to reporters after the last Cabinet meeting of the current year.
President Hassan Rouhani on Sunday outlined his administration...
All-Out Growth in Interbank Market
The Central Bank of Iran has released its latest data on the...
Iran has more than 37 billion tons of proven mineral reserves and 57 billion tons of potential reserves.
Iran exported more than 58.09 million tons of mineral products...