Stocks Stage Strong Saturday

Tehran Stock Exchange’s main index gained 295.70 points or 0.38% to end Saturday trade at 78,387.2.

More than 820 million shares valued at $88.1 million changed hands for the day.

Asan Pardakht Persian Switch was the biggest riser, going up 5% to 11,450 rials per share.

Shahrood Cement Company incurred the biggest loss among all TSE-listed companies, as it went down 5% to 1,787 rials per share.

Bandar Abbas Oil Refining Company gave the biggest boost to the benchmark, followed by Iran Mobile Telecommunications Company and Esfahan Oil Refining Company.

Iranian Petrochemical Investment Company weighed the most on TEDPIX, followed by Iran Khodro Group and Bank Karafarin.

The Price Index scored 104.90 points or 0.38% to stand at 27,809.3.

The First Market Index added 230.70 points or 0.42% to reach 54,907.7. The Second Market Index was up 508.10 points or 0.30% to register 171,089.1.

The Industry Index rose by 316.80 points or 0.49% to post 65,586.8. The Free Float Index gathered 264.64 points or 0.30% to hit 87,230.60.

The TSE 30 Index won 15.50 points or 0.49% to record 3,188.6 while the TSE 50 Index gained 11.90 points or 0.39% to finish at 3,096.1.

 IFX Soars 0.84%

Iran Fara Bourse’s main index IFX gained 6.93 points or 0.84% to end Saturday trade at 831.39.

Over 2 billion securities valued at $277.6 million were traded at the over-the-counter exchange for the day.

Rail Pardaz Seir saw the highest number of traded shares, as 38.2 million of its shares changed hands.

Tehran Oil Refining Company witnessed the highest trade value, after $3.3 million worth of its shares were traded.

Pegah Fars Dairy Company, Ballast Company and Pegah Golestan Dairy Company registered the highest value increase.

Gostaresh Sarmayehgozari Iranian Company, Tadbirgaran Fars and Khuzestan Investment Company, and Kimiya Zanjan Gostaran showed the highest decline.

Tehran Oil Refining Company, Marun Petrochemical Company and Lavan Oil Refining Company gave the biggest boost to the IFB benchmark.