Stocks Take Breather After Rollercoaster Ride

Tehran Stock Exchange’s main index inched up 11.70 points or 0.01% to end Wednesday trade at 79,670.9.

This comes as the TEDPIX surged over 1,000 points or 1.31% to 80,340.70 points on Sunday, grabbing a fresh 6-1/2 month high. Later, the rally was reversed, as the benchmark shed 604.50 points or 0.75% to end at 79,659.2 on Tuesday.

More than 690 million shares valued at $50 million changed hands for the day.

Qayen Cement Company was the biggest riser, going up 5% to 15,060 rials per share.

Borujerd Textile Company incurred the biggest loss among all TSE-listed companies, as it went down 5% to 4,222 rials per share.

National Iranian Copper Industries Company gave the biggest boost to the benchmark, followed by Khuzestan Steel Company and Fajr Petrochemical Company.Persian Gulf Petrochemical Industries Company weighed the most on TEDPIX, followed by Iran Khodro Group and Parsian Oil and Gas Development Company.

The Price Index gained 4.10 points or 0.01% to stand at 28,131.9. The First Market Index added 480.30 points or 0.85% to post 56,035.5. The Second Market Index lost 4.60 points or 0.01% to reach 172,446.4. The Industry Index gathered 40.30 points or 0.06% to register 66,751.5. The Free Float Index shed 28.56 points or 0.03% to hit 88,660. The TSE 30 Index was up 2.30 points or 0.07% to record 3,236.1 while the TSE 50 Index scored 1.10 points or 0.04% to finish at 3,138.3.

 IFX Up 0.17%

Iran Fara Bourse’s main index gained 1.4 points or 0.17% to end Wednesday trade at 842.77. The IFX is hovering around its two-year peak these days.

Over 183 million securities valued at $32.8 million were traded at the over-the-counter exchange for the day.

Esfahan Steel Company saw the highest number of traded shares, as 12.1 million of its shares changed hands.

Mavad Vizhe Lia Company recorded the highest trade value, as $1.6 worth of its shares were traded. Mavad Vizhe Lia Company, Minoo Shargh Food Industries Company and Lavan Oil Refining Company had the highest value increase.

Pars Paper Industries Company, Marjankar Company and Caspian Tamin Pharmaceutical Company had the highest decline.

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