Stocks Make Strong Gains

Tehran Stock Exchange’s main index gained 749.30 points or 0.94% to end Tuesday trade at 80,830.5.

More than 1.2 billion shares valued at $87.2 million changed hands for the day.

Bama Mining and Industrial Company was the biggest riser, going up 6.95% to 7,340 rials per share.

Loabiran Company incurred the biggest loss among all TSE-listed companies, as it went down 4.97% to 3,041 rials per share.

National Iranian Copper Industries Company gave the biggest boost to the benchmark, followed by Mobarakeh Steel Company and Golgohar Mining and Industrial Company.

Iran Khodro Group weighed the most on TEDPIX, followed by Fajr Petrochemical Company and Saipa Investment Company.

The Price Index was up 264.10 points or 0.94% to stand at 28,499.6. 

The First Market Index gained 698 points or 1.23% to post 57,523.2.

The Second Market Index won 647.60 points or 0.38% to reach 171,193.6.

The Industry Index scored 733.90 points or 1.09% to register 68,148.8.

The Free Float Index gathered 838.76 points or 0.94% to hit 89,737.30.

The TSE 30 Index added 41.50 points or 1.27% to settle at 3,314.1 and the TSE 50 Index was up 33.20 points or 1.06% to finish at 3,179.1.

> IFX Up 1.23%

Iran Fara Bourse’s main index IFX gained 10.32 points or 1.23% to end Tuesday trade at 852.2.

Some 281 million securities valued at $36.6 million were traded at the over-the-counter exchange for the day.

Arfa Steel Company saw the highest number of traded shares and trade value, as more than 54.7 million of its shares valued at $1.6 million changed hands.

Kimiya Zanjan Gostaran Company registered the highest trade value, as $1.1 million worth of its shares were traded.

Zagros Petrochemical Company, Kimiya Zanjan Gostaran Company and Arfa Steel Company showed the highest value increase.

Shahed Construction and Development Company, Bahman Diesel Company and Omid Taban Hour Energy Management Company had the highest decline.

Marun Petrochemical Company, Zagros Petrochemical Company and Middle East Mines and Mining Industries Development Holding Company had the most positive impact on the IFB benchmark.