Stocks Wipe Saturday’s Gains

Tehran Stock Exchange’s main index lost 317.30 points or 0.41% to end Sunday trade at 77,569.1.

More than 1.1 billion shares valued at $75 million changed hands for the day.

Vehicle Axis Manufacturing Company incurred the biggest loss among all TSE-listed companies, as it went down 4.85% to 4,198 rials per share.

Iranian Parenteral and Pharmaceutical Company was the biggest riser, going up 5% to 15,670 rials per share.

SAIPA Group weighed the most on TEDPIX, followed by Ghadir Investment Company and Bandar Abbas Oil Refining Company.

Islamic Republic of Iran Shipping Lines gave the biggest boost to the benchmark, followed by Iran Alloy Steel Company and Iran Tractor Manufacturing Company.

The Price Index lost 317.30 points or 0.41% to reach 27,535.5.

The First Market Index gave up 112.60 points or 0.41% to register 54,377.7.

The Second Market Index shed 161.10 points or 0.10% to post 169,053.9.

The Industry Index was down 297.20 points or 0.46% to record 64,754.4.

The Free Float Index wiped 535.07 points or 0.62% to hit 86,312.70.

The TSE 30 Index fell by 24 points or 0.76% to settle at 3,150.7 while the TSE 50 Index lost 14 points or 0.45% to finish at 3,074.6.

 IFX Down 0.41%

The over-the-counter Iran Fara Bourse’s main index IFX shed 4.4 points or 0.41% to end Sunday trade at 822.29.

Over 252 million securities valued at $116.4 million were traded for the day.

Rail Pardaz Seir Company saw the highest number of traded shares and trade value, as 67.4 million of its shares worth $2.7 million changed hands.

Sarmayeh Bank, Tose’e Goharan Omid Investment Company and Atieh Dadeh Pardaz Company had the highest value increase.

Pardis Housing Investment Company, Alborz Darou Bulk Pharmaceutical Company and Chaharmahal Sugar Company registered the highest decline.

Tehran Oil Refining Company, Esfahan Steel Company and Middle East Mines and Mineral Development Holding Company gave the biggest boost to the IFB benchmark.