Economy, Business And Markets

Stocks Slip Slightly

More than 480 million shares valued at $32.66 million changed hands at TSE on May 28.More than 480 million shares valued at $32.66 million changed hands at TSE on May 28.

Tehran Stock Exchange’s main index lost 208 points or 0.26% to end Sunday trade at 80,713.2.

More than 480 million shares valued at $32.66 million changed hands for the day.

Bojnourd Cement incurred the biggest loss among all TSE-listed companies, as it went down 5% to 7,045 rials per share.

Iran Refractories Company was the biggest riser, going up 6.15% to 2,571 rials per share.

Iran Telecommunications Company weighed the most on TEDPIX, followed by Tamin Oil, Gas and Petrochemical Industries Company and Iran Khodro.

Isfahan Oil Refining Company gave the biggest boost to the benchmark, followed by Mobarakeh Steel Company and Bandar Abbas Oil Refining Company.

The Price Index shed 70.50 points or 0.26% to close at 27,348.7.

The First Market Index dropped 127.70 points or 0.23% to post 55,755.5.

The Second Market Index lost 554.00 points or 0.31% to reach 180,356.0.

The Industry Index gave up 171.60 points or 0.25% to register 69,333.1.

The Free Float Index was down 312.79 points or 0.35% to close at 88,047.10.

The TSE 30 lost 6.40 point or 0.20% to settle at 3,130.9 while the TSE 50 Index shed 6.70 points or 0.21% to finish at 3,126.9.

  IFX Down 0.54%

Iran Fara Bourse’s main index IFX lost 5.03 points or 0.54% to end Sunday trade at 918.17.

Close to 366.91 million securities valued at $29 million were traded at the over-the-counter exchange for the day.

Esfahan Steel Company saw the highest number of traded shares, as 45.6 million of its shares changed hands.

Yazd Alloy Steel Company had the highest trade value, with the trading of shares worth $1.17 million.

Bahman Leasing Company, Saman Insurance and Kosar Insurance registered the highest value increase.

Alvand Housing Investment Company, Sabzevar Cement Company and Hormozgan Steel Company suffered the biggest decline.

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

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