Economy, Business And Markets

Stocks Tumble Over Tehran Terrorist Attacks

Stocks Tumble Over Tehran Terrorist AttacksStocks Tumble Over Tehran Terrorist Attacks

Tehran Stock Exchange’s main index lost 535 points or 0.67% to end Wednesday trade at 79,758.5.

TEDPIX’s freefall started at around 10:55 a.m., when two terrorist attacks hit the capital—one in the parliament building in downtown Tehran and another at the mausoleum of the founder of Islamic Republic, Imam Khomeini.

The index was flat and hovered around the 80,000 level before the twin attack.

About 651 million shares valued at $42.75 million changed hands for the day.

Iran Argham Company incurred the biggest loss among all TSE-listed companies, as it went down 4.99% to 6,171 rials per share.

Damavand Mining Company was the biggest riser, going up 5% to 13,568 rials per share.

Persian Gulf Petrochemical Industries Company weighed the most on TEDPIX, followed by MAPNA Group and Gologhar Mining and Industrial Complex.

Omid Investment Group gave the biggest boost to the benchmark, followed by Bank Karafarin and Behshahr Industries Development Holding.

The Price Index shed 180.90 points or 0.67% to close at 26,957.

The First Market Index lost 282 points or 0.51% to post 55,068.

The Second Market Index gave up 1,691.90 points or 0.94 to reach 178,381.1.

The Industry Index tumbled by 480.60 points or 0.70% to register 68,546.8.

The Free Float Index was down 571.86 points or 0.65% to close at 86,801.40.

The TSE 30 wiped 14.50 points or 0.47% to settle at 3,094.3 while the TSE 50 Index lost 15 points or 0.48% to finish at 3,095.2.> IFX Down 1.76%

 IFX Down 1.76%

Iran Fara Bourse’s main index IFX also followed suit, shedding 16.01 points or 1.76% to end Tuesday trade at 896.05.

Close to 365 million securities valued at $29.21 million were traded at the over-the-counter exchange for the day.

Esfahan Steel Company saw the highest number of traded shares, as 76.67 million of its shares changed hands.

Zagros Petrochemical Company accounted for the highest trade value, with the trading of shares worth $1.7 million.

Arfa Steel Company, Kharazmi Information Technology Development Company and Kimia Zanjan Gostaran Company suffered the biggest decline.

Shahed Construction and Development Company, Pegah Golestan Dairy Company and Tadbirgaran Fars and Khuzestan Investment Group registered the highest value increase.

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

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