Stocks Plunge on 1st Weekday

Tehran Stock Exchange’s main index shed 417.40 points or 0.52% to end Saturday trade at 79,253.5.

More than 626 million shares valued at $48 million changed hands for the day.

Esfahan Oil Refining Company incurred the biggest loss among all TSE-listed companies, as it went down 4.83% to 2,736 rials per share.

Ardakan Industrial Tiles Company was the biggest riser, going up 14.31% to 4,834 rials per share.

Bandar Abbas Oil Refining Company weighed the most on TEDPIX, followed by Esfahan Oil Refining Company and Persian Gulf Petrochemical Industries Company.

National Iranian Copper Industries Company gave the biggest boost to the benchmark, followed by Persian Switch Company and Fars and Khuzestan Cement Company.

The Price Index lost 147.40 points or 0.52% to stand at 27,984.5.

The First Market Index plummeted by 312.30 points or 0.56% to post 55,736.9.

The Second Market Index shed 797 points or 0.46% to reach 171,649.

The Industry Index gave up 392.60 points or 0.59% to register 66,358.9.

The Free Float Index dropped by 404.91 points or 0.46% to hit 88,255.10.

The TSE 30 Index was down 18 points or 0.56% to finish at 3,218.1 while the TSE 50 Index fell by 19.80 points or 0.63% to close at 3,118.5.

> IFX Down 0.5%

Iran Fara Bourse’s main index lost 4.2 points or 0.5% to end Saturday trade at 838.57.

Over 180 million securities valued at $39 million were traded at the over-the-counter exchange for the day.

Esfahan Steel Company saw the highest number of traded shares and trade value, as 12.1 million of its shares valued at $1.6 million changed hands.

Shomal Shargh Shahrood Industrial and Mining Company, Tuka Refractories Company and Marjankar Company had the highest value increase.

Shiraz Oil Refining Company, Lavan Oil Refining Company and Arfa Steel Company had the highest decline.

Shiraz Oil Refining Company, Zagros Petrochemical Company and Lavan Oil Refining Company had the most negative impact on the IFB benchmark.