Economy, Business And Markets

TEDPIX Reverses Losing Streak

TEDPIX Reverses Losing StreakTEDPIX Reverses Losing Streak

Tehran Stock Exchange’s main index TEDPIX gained 184.20 points or 0.25% on Tuesday to end trade at 72,799.2.

Close to 930 million shares valued at $50.4 million were traded for the day.

Pars Tousheh Investment Company posted the biggest gain among TSE-listed companies, going up 8.92% to 3,418 rials per share.

Piranshahr Sugar Company incurred the biggest loss, going down 4.97% to 4,189 rials per share.

Bank Mellat gave the biggest boost to TEDPIX, followed by Bandar Abbas Oil Refining Company and Bank Saderat.

Islamic Republic of Iran Shipping Lines weighed most on the benchmark followed by Chadormalu and Golgohar mining and industrial companies.

The Price Index added 67 points or 0.25% to end at 26,483.3.

The First Market Index scored 273 points or 0.54% to register 50,647.2. The Second Market Index lost 452.70 points or 0.28% to settle at 160,934.3. The Industry Index gave up 0.80 points or less than 0.01% to post 60,463.1. The Free Float Index gained 531.82 points or 0.66% to hit 81,122.90. The TSE 30 Index was up 20.90 points or 0.71% to reach 2,952.1 while the TSE 50 Index won 6.10 points or 0.21% to finish at 2,844.5.

 IFX Adds Six Points

Iran Fara Bourse’s benchmark index gained 6.3 points or 0.83% to end at 763.97 on Tuesday.

Over 600 million securities valued at $43.7 million were traded in 31,000 transactions. Daily trade value was nearly halved compared to the prior trading day.

Hormozgan Steel Company had the highest number of traded shares and highest daily trade value, as 71.4 million of its shares worth $3.6 million changed hands.

Tehran Oil Refining Company, Marun Petrochemical Company and Middle East Mines and Minerals Development Holding Company gave the biggest boost to IFX.

Tabas Coal Company, Sobhan Investment Company and Zangan Zinc Industries Company had the highest increase in share value. Shirvan Sugar Company, Zarin Madan Asia Company and Tourism Bank posted the biggest decline.

Bank Day, Lavan Oil Refining Company and Iran Cultural Heritage and Tourism Investment Group were on investors’ radar.

Etemad Fund had the highest trade volume among listed exchange-traded funds with the transaction of 4.5 million of its shares.