The benchmark of Tehran Stock Exchange, TEDPIX, on Tuesday broke past the strong resistance level of 1.6 million points – the same place 20 months ago.
The market cap-weighted TEDPIX gained 22,223.89 points and climbed 1.4% to end trading at 1,606,024, the highest since October 2020.
Stocks rallied driven by the bullish run in blue chips while shares of most small-sized companies stumbled, dragging down the TSE’s equal-weighted index by more than 0.3%.
At the close of the session, 251 tickers ended in the positive zone and 370 were lower, representing 60% of the total active tickers.
Retail trade jumped 3% from the session before to reach 77.22 trillion rials ($257 million).
About 12.63 billion shares valued at 79.42 trillion rials ($283.6m) changed hands at TSE on Tuesday.
Pars Petrochemical Company was main winner as its shares went up 26.86% to 2,829 rials per share.
Pars Animal Feed Company incurred the biggest loss among all TSE-listed companies and went down 7.86% to 66,980 rials per share.
Esfahan Oil Refining Company contributed the most to the benchmark's fall, followed by Iran Khodro Company, Bandar Abbas Oil Refining Company and Tamin Petroleum and Petrochemical Investment Company.
Pars Petrochemical Company gave the biggest boost to the benchmark index, followed by Golgohar Mining and Industrial Company, Mobarakeh Steel Company and Chadormalu Mining And Industrial Company.
IFX Adds 0.3%
Iran Fara Bourse main index, IFX, gained 69.07 points or 0.32% to close trade on Tuesday at 21,689.
About 6.13 billion shares and securities valued at 57.88 trillion rials ($206.7m) were traded at the junior equities exchange.
Iran Fara Bourse, Iranol Oil Company, Behpak Industrial Company and Minoo Industrial Group Company had the most negative impact on IFX.
Gohar Zamin Iron Ore Company gave the biggest boost to IFX, followed by Hormozgan Steel Company, Saba Tamin Investment Company and Mehr Ayandegan Financial Development Group Company.
