Economy, Business And Markets

TEDPIX Notches New High

About 1.2 billion shares valued at $65.091 million changed hands at TSE on Dec. 16.
About 1.2 billion shares valued at $65.091 million changed hands at TSE on Dec. 16.

Tehran Stock Exchange’s main index gained 1,322.85 points or 1.42% on Saturday to end daily trading at an all-time high of 94,606.42.

About 1.2 billion shares valued at $65.091 million changed hands at TSE for the day.

Trading at TSE and Iran Fara Bourse starts on Saturday and ends on Wednesday.

Iran Zinc Mines Development Company was the biggest riser, going up 4.93% to 2,830 rials per share.

Dashtestan Cement Industries Company incurred the biggest loss among all TSE-listed companies, as it went down 7.19% to 1,832 rials per share.

The Price Index gained 400.83 points to close at 30,289.7.

The First Market Index was up 815.90 points to post 67,502.4.

The Second Market Index added 3,047.64 points to reach 199,445.6.

The Industry Index scored 1,186.97 points to register 83,230.9.

The Free Float Index added 1,190.69 points to hit 102,199.73.

The TSE 30 gained 69.07 points to settle at at 4,099.7 and the TSE 50 was up 53.38 points to finish at 3,873.

“The capital market has entered a new phase … It will have sustained upticks based on fundamental factors,” Kourosh Shams, CEO of Padash Sarmayeh Asset Management Company, said.

Shams predicted market industries to have a smooth growth for the rest of the year, pointing to widely better-than-expected corporate performance for Q1 and H1, Securities and Exchange News Agency reported.

 IFX Up 1.32%

Iran Fara Bourse’s main index IFX added 13.79 points or 1.32% to close Saturday trade at 1,056.05.

About 408.57 million securities valued at $262.216 million were traded at the over-the-counter exchange for the day.

Esfahan Steel Company witnessed the highest number of traded shares and trade value, as 98.182 million of its shares worth $2.090 million were traded.

Day Insurance, East Azarbaijan Pegah Company and Sarcheshmeh Copper Investment Company registered the highest value increase.

Alvand Housing Investment Company, Sobhan Oncology Company and Teliseh Nemooneh Company suffered the biggest decline.

Marun Petrochemical Company, Zagros Steel Company and Middle East Mines Industries Development Holding Company had the most positive impact on IFX.


Add new comment

Read our comment policy before posting your viewpoints