Stocks Slide on Wednesday

Tehran Stock Exchange’s main index lost 152.30 points or 0.20% to end Wednesday trade at 77,183.

More than 1.1 billion shares valued at $65.2 million changed hands for the day.

Ilam Cement Company incurred the biggest loss among all TSE-listed companies, as it went down 4.99% to 2,873 rials per share.

Urmia Cement Company was the biggest riser, going up 4.91% to 2,629 rials per share.

Bandar Abbas Oil Refining Company weighed the most on TEDPIX, followed by Iran Mobile Telecommunications Company and Tabriz Oil Refining Company.

Iran Khodro gave the biggest boost to the benchmark, followed by Bank Pasargad and Iranian Petrochemicals Industries Investment Group.

The Price Index shed 54 points or 0.20% to reach 27,100.2.

The First Market Index gave up 98.40 points or 0.18 to reach 53,917.6. The Second Market Index plunged by 380.70 points or 0.22% to register 169,332.3. The Industry Index slid by 153.90 points or 0.24% to record 64,312.6.

The Free Float Index lost 102.72 points or 0.12% to hit 86,067.80.

The TSE 30 Index was down by 0.30 points or 0.01% to settle at 3,131.8 while the TSE 50 Index edged down by 6.10 points or 0.20% to finish at 3,053.9.

 IFX Down 0.79%

The over-the-counter Iran Fara Bourse’s main index IFX lost 6.5 points or 0.79% to end Wednesday trade at 811.77.

Over 24 million securities valued at $31.6 million were traded for the day.

Pars Paper Industries Company saw the highest number of traded shares, as 34.7 million of its shares changed hands.

Mahtab Kahnooj Power Generation Company experienced the highest trade value, as $4.9 million worth of its shares were traded.

Pegah Golestan Dairy Company, Kerman Development and Construction Company and Saman Insurance had the highest value increase.

Shahrood Industrial Company, Goldasht Agricultural Company and Chaharmahal Sugar Company showed the highest decline.

Marun Petrochemical Company, Damavand Power Generation Company and Tehran Oil Refining Company had the most negative impact on the IFB benchmark.