Economy, Business And Markets

TEDPIX Past 74,000 Resistance Level

TEDPIX Past 74,000 Resistance LevelTEDPIX Past 74,000 Resistance Level

Tehran Stock Exchange’s benchmark index gained 447 points or 0.61% on Tuesday to end at 74,190.5.

More than 1.1 billion shares valued at $71.1 million changed hands for the day.

Yazd Jooshkab Industries Company was the biggest riser, as it went up 5% to 3,275 rials per share.

Machine Sazi Arak Company posted the biggest loss after dropping 4.97% to 3,191 rials per share.

Mobarakeh Steel Company gave the biggest lift to the benchmark, followed by Iran Khodro and SAIPA.

National Iranian Copper Industries Company weighed most on TEDPIX followed by Iran Telecommunications Company and Jam Petrochemical Company.

The Price Index added 162.60 points or 0.61% to close at 26,896.4. The First Market Index scored 398 points or 0.78% to reach 51,646.8. The Second Market Index gained 468 points or 0.29% to settle at 163,821.

The Industry Index won 353.20 points or 0.58% to post 61,573.8. The Free Float Index was up 817.46 points or 0.99% to register 83,331.10. The TSE 30 Index gathered 23.10 points or 0.77% to hit 3,015.3, while the TSE 50 Index gained 17 points or 0.58% to finish at 2,933.

 IFX Up 0.73%

IFX, Iran Fara Bourse’s primary index, won 5.66 points or 0.73% to 779.47.

More than 411 million securities valued at $25.2 million were traded on Tuesday.

Pars Paper Company, Esfahan Steel Company and Niroo Sarmayeh Company experienced the highest share value increase. Saman Insurance Company, Pasargad Oil Company and Mihan Insurance Company registered the highest decline.

Pars Paper Company recorded the highest number of traded shares and trade value, as 21 million of its shares worth $1.2 million changed hands.

Tehran Oil Refining Company and Esfahan Steel Company provided the biggest boost to IFX.

Over 21 million securities valued at $12.6 million were traded in the First Market. The Second Market saw the trading of 105 million securities valued at $9.6 million.

Etemad Fund posted the highest trade volume among listed exchange-traded funds with the transaction of 1.27 million shares.