After tagging higher a session earlier, the Tehran stock benchmark added more than 1% Sunday despite visible cautiousness among investors.
The main gauge of Tehran Stock Exchange, TEDPIX, gained close to 6,500 points to finish trade at 573,903 points. TEDPIX has gained nearly 70,000 points since the beginning of the Persian New Year on March 20.
Growth for the equal-weighted index was higher at 1.73%, indicating that investors played safe vis-a-vis large-cap companies and preferred smaller listed firms.
Worried about the future impact of coronavirus on financial markets around the world, investors stood back waiting for international markets to open on Monday, according to the analytical stock market website Donyaye Bourse.
Mounting fears and panic over the fallout from the deadly virus on the global economy have rocked markets worldwide, with stock prices and bond yields plunging and economies in coma both in the rich and poor countries.
Out of a total of 308 active ticker symbols on Sunday, the symbols of 232 companies ended in green and shares of 154 firms were traded at the maximum daily prices.
Market Performance
The TSE's main index TEDPIX gained 6,595.11 points, or 1.16%, on Sunday to end trading at 574,020.1.
About 7.61 billion shares valued at 60.3 trillion rials ($379.25 million) changed hands at TSE for the day.
Trading at TSE and over-the-counter Iran Fara Bourse starts on Saturday and ends Wednesday.
Sepid Farab Kavir Steel Manufacturing Company was the biggest winner as its shares went up 17.41% to 30,853 rials per share. Alborz Darou Pharmaceuticals Company incurred the biggest loss among all TSE-listed companies and went down 4.86% to 24,025 rials per share.
Islamic Republic of Iran Shipping Lines Company contributed the most to the benchmark's fall, followed by Mellat Bank, Mines and Metals Development Investment Company and Persian Gulf Petrochemical Industries Company.
Mobile Telecommunication Company of Iran gave the biggest boost to the benchmark index, followed by Sepid Farab Kavir Steel Manufacturing Company, Pars Petrochemical Company and Tehran Stock Exchange.
IFX Up 1.62%
Iran Fara Bourse main index, IFX, gained 117.11 points, or 1.62%, to close Sunday trade at 7,342.13.
About 2.84 billion securities valued at 30.78 trillion rials ($193.61 million) were traded at the over-the-counter exchange for the day.
Jahrom Power Plant Development Company had the highest number of traded shares as 363.9 million of its shares worth 1.41 trillion rials ($8.91 million) were traded.
Mehr Ayandegan Financial Development Group Company, Iran Office Machines Industries Company, Iran Cultural Heritage and Tourism Investment Group Company and Chlorpars Company had the most negative impact on IFX.
Middle East Mines and Mineral Industries Development Holding Company gave the biggest boost to IFX, followed by Damavand Power Generation Company, Zagros Petrochemical Company and Esfahan Steel Company.
