Economy, Business And Markets

TEDPIX Nosedives

Over 1.2 billion shares worth $83m changed hands at TSE.
Over 1.2 billion shares worth $83m changed hands at TSE.

Tehran Stock Exchange’s main index plunged 1,459.80 points or 1.83% to end Wednesday trade at 78,411.6.

More than 1.2 billion shares valued at $83.1 million changed hands for the day.

Iran Khodro Group incurred the biggest loss among all TSE-listed companies, as it went down 5% to 3,231 rials per share.

Asia Insurance was the biggest riser, going up 4.47% to 1,755 rials per share.

Mobarakeh Steel Company weighed the most on TEDPIX, followed by Parsian Oil and Gas Development Company and Bandar Abbas Oil Refining Company.

North Drilling Company gave the biggest boost to the benchmark, followed by Asia Insurance and Tose’e Melli Investment Company.

The Price Index lost 515.50 points or 1.83% to stand at 27,687.2.

The First Market Index shed 1,119.60 points or 1.98% to post 55,372.1.

The Second Market Index lost 2,629.40 points or 1.54% to reach 168,526.6.

The Industry Index was down 1,360.50 points or 2.03% to register 65,571.8.

The Free Float Index gave up 1,811.66 points or 2.03% to hit 87,397.40.

The TSE 30 Index fell by 61.90 points or 1.90% to settle at 3,202.6 while the TSE 50 Index lost 55.60 points or 1.77% to finish at 3,090.1.

  IFX Down 2.4%

Iran Fara Bourse’s main index IFX shed 20.15 points or 2.4% to end Wednesday trade at 819.19.

Over 225.2 million securities valued at $108.1 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 more than 24.5 million of its shares valued at $1.8 million changed hands.

Shahrood Mining and Industrial Company, Kimiya Zanjan Gostar Company and Amin Reinsurance Company had the highest value increase.

ASP Company, Iran Cultural Heritage and Tourism Investment Group and KBC Company registered the highest decline.

Marun Petrochemical Company, Damavand Power Generation Company and Esfahan Steel Company had the most negative impact on the IFB benchmark.


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