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Retail, Sugar Sectors Iran Equity Market’s Top Performers

Retail, Sugar Sectors Equity Market’s Top Performers Retail, Sugar Sectors Equity Market’s Top Performers

The retail and sugar sectors were the top performers of the equity market in the first half of the current fiscal year (March 21-Sept. 22) with average returns of 73% and 67% in H1.

Oil and gas extraction (other than exploration) group and other mines were the worst performers with -28% and -21% respectively, data released by Mabna Data Processing Company showed.

According to Bourse Press, 269 out of the market’s 578 companies ended the period with gains while 254 incurred losses. The stocks of 55 companies were also frozen.

Permit Company and Ashtad Iran Company were the equity market’s top two performers in terms of profit. Permit and Ashtad’s returns jumped 1,139% and 632.5% respectively during the six months.

On the other hand, Credit Institution for Development and Arman Insurance had the worst performance among all companies, with a negative growth of -44.7% and -43.9% in profit respectively.

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Financialtribune.com