Economy, Business And Markets

TEDPIX Sinks Below Another Support Level

Over 565 million shares worth $26.2 million traded at TSE on Jan. 1.
Over 565 million shares worth $26.2 million traded at TSE on Jan. 1.

Tehran Stock Exchange’s main index shed 590.60 points or 0.74% to end Sunday trade at 78,896.

The support level refers to the price level, below which, historically, a stock or an index has had difficulty falling.

More than 565 million shares valued at $26.2 million changed hands for the day.

Shazand Petrochemical Company incurred the biggest loss among all TSE-listed companies, as it went down 4.97% to 2,964 rials per share.

Silica Sand Company was the biggest riser, going up 4.93% to 2,322 rials per share.

Iran Telecommunications Company weighed the most on TEDPIX, followed by Parsian Oil and Gas Development Company and Golgohar Mining and Industrial Company.

Barez Industrial Group gave the biggest boost to the benchmark, followed by North Drilling Company and Kharazmi Investment Company.

The Price Index was down 207.90 points or 0.74% to stand at 27,758.4.

The First Market Index shed 513.90 points or 0.91% to post 56,036.9.

The Second Market Index lost 721.80 points or 0.43% to reach 167,707.2.

The Industry Index gave up 570 points or 0.85% to register 66,376.9.

The Free Float Index dropped by 667.82 points or 0.76% to end at 86,950.20.

The TSE 30 Index inched down 25.40 points or 0.78% to settle at 3,231.4 while the TSE 50 Index lost 24.20 points or 0.77% to finish at 3,114.5.

 IFX Down 1.81%

Iran Fara Bourse’s main index IFX lost 15.68 points or 1.81% to end Sunday trade at 852.89.

Close to 170 million securities valued at $29.5 million were traded at the over-the-counter exchange for the day.

Atieh Dadeh Pardaz Company saw the highest number of traded shares and trade value, as more than 8.7 million of its shares worth $2.7 million were traded.

Tuka Refractories Company, Tadbirgaran Fars and Khuzestan Investment Company and Minoo Shargh Food Industries Company registered the highest value increase.

Khorasan Petrochemical Company, Sobhan Pharmaceutical Company and Zagros Petrochemical Company suffered the highest decline.

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