Economy, Business And Markets

TEDPIX Slips Below Another Support Level

TEDPIX Slips Below Another Support LevelTEDPIX Slips Below Another Support Level

Tehran Stock Exchange’s benchmark index shed 412.90 points or 0.57% to close at 72,615 on Monday. Losing oil and gas, steel and mining companies were the main force behind the benchmark’s downfall.

Over 650 million shares valued at $39.4 million changed hands for the day, with daily trade value dropping by over $20 million compared to the prior trading day.

Iran Tractor Forging Company was the biggest loser, as it sank 4.99% to 2,895 rials per share.

Daroupaksh Company was the biggest riser, going up 5% to 21,530 rials per share.

Tamin Oil, Gas and Petrochemical Company weighed most on the benchmark, followed by Mobarakeh Steel Company and Bandar Abbas Oil Refining Company.

Iran Telecommunications Company gave the biggest lift to TEDPIX. Bank Mellat and Tamin Pharmaceutical Investment Company came next

The Price Index lost 150.20 pints or 0.57% to stop at 26,425.2.

The First Market Index was down 235.80 points or 0.47% to reach 50,374.2.

The Second Market Index lost 1,218.70 points or 0.75% to settle at 161,387.3.

The Industry Index retreated 0.65% or 390.20 points or 0.64% to post 60,463.9.

The Free Float Index wiped 527.51 points or 0.65% to register 80,591.10.

The TSE 30 Index gave up 20.10 points or 0.68% to finish at 2,931.2, while the TSE 50 Index was down 0.62% or 17.90 points to close at 2,878.4.

  IFX Down 1%

Iran Fara Bourse’s main index was down 7.7 points or 1.01% to end Monday trade at 756.67.

More than 571 million securities worth $87.9 million were traded in 39,000 transactions.

Goharan Omid Investment Company posted the highest number of traded shares, as 52 million of its shares changed hands.

Esfahan Steel Company, with the trading of shares worth $2.4 million, accounted for the highest daily trade value.

Nirou Sarmayeh Company, Caspian Tamin Pharmaceutical Company and Tolid Daru Company posted the highest rise in share value, while Tourism Bank, Hormozgan Steel and Shahed Construction and Development Company registered the biggest decline.

Over 134 million securities valued at $7 million changed hands in the First Market. The Second Market witnessed the trading of 152 million securities valued at $45.2 million.

Marun Petrochemical Company, Tehran Oil Refining Company and Esfahan Steel Company weighed most on IFX.

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

Moreover, 400,445 participation bonds of MAPNA Group were sold out.