Economy, Business And Markets

TEDPIX Falls Below 74,000 Level

TEDPIX Falls Below 74,000 LevelTEDPIX Falls Below 74,000 Level

Tehran Stock Exchange’s benchmark index shed 332.50 points or 0.45% to end Saturday trade at 73,716.6.

More than 588 million shares valued at $51.6 million were traded for the day.

Shoga Company incurred the biggest loss among TSE-listed companies, as it went down 4.94% to 5,346 rials per share.

Ardakan Industrial Tiles Company was the biggest riser, going up 5% to 56,720 rials per share.

Persian Gulf Petrochemical Industries Company weighed the most on TEDPIX, followed by Iran Khodro and Mobarakeh Steel Company.

Bank Mellat gave the biggest boost to the benchmark, followed by Tose’e Melli Investment Group and Behshahr Industries Development Company.

The Price Index lost 120.90 points or 0.45% to end at 26,787.9. The First Market Index gave up 215.90 points or 0.42% to reach 51,254.9.

The Second Market Index fell by 826.50 points or 0.500% to post 163,142.5.

The Industry Index went down by 325.50 points or 0.53% to settle at 61,153. The Free Float Index shed 439.23 points or 0.53% to register 82,435.

The TSE 30 Index lost 15 points or 0.50% to close at 2,991.1 while the TSE 50 Index gave up 14.50 points or 0.49% to finish at 2,916.9.

  IFX Down 0.39%

The over-the-counter Iran Fara Bourse’s main index IFX lost 3.05 points or 0.39% to end Saturday trade at 780.6.

More than 102 million securities valued at $26.8 million were traded for the day.

Esfahan Steel Company saw the highest number of traded shares and trade value, as 8.2 million of its shares worth $620,000 were traded.

Tadbirgaran-e Fars and Khuzestan Company, Tuka Paint Company and Arfa Steel Company had the highest increase in share value.

Tabas Parvardeh Coal Company, Zangan Zinc Company and Esfahan Steel Company posted the highest decline.

The First Market witnessed the trading of 10.3 million securities valued at $552,000. Over 40.5 million securities valued at $2.8 million changed hands in the Second Market.

Tehran, Lavan and Shiraz oil refining companies weighed most on IFX.