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Business And Markets

Stocks Hover Near Flatline 

Amid choppy trade on Wednesday, Tehran’s share market ended the week slightly below the flatline. 

The main gauge of Tehran Stock Exchange, lost 717 points or 0.05% to end trade at 1,513,715. The TSE’s equal-weighted index was up 0.1%, reflecting the status of small caps. 

Retail trade dropped 3% on the session before to reach 36.24 trillion rials ($120 million). 

The market saw net capital outflow by retail investors for 12th straight session at 4.3 trillion rials ($14 million) on Wednesday, up 67% from the day earlier. 

A total of 6.94 billion shares worth 43.78 trillion rials ($145m) changed hands at TSE for the day.

Trading at TSE and the junior equities exchange Iran Fara Bourse starts on Saturday and ends Wednesday.

AzarAb Industries Company was the big winner as its shares went up 8.33% to 1,105 rials per share.

Seamorgh Company incurred the biggest loss among all TSE-listed companies plunging 4.93% to 22,760 rials per share.

Esfahan Oil Refining Company contributed the most to the benchmark's fall, followed by Persian Gulf Petrochemical Industries Company, Nouri Petrochemical Company and Tehran Oil Refining Company.

Persian Gulf Fajr Energy Company gave the biggest boost to the benchmark index, followed by Ghadir Investment Company, Mobin Energy Persian Gulf Company and Parsian Oil and Gas Development Group Company.

 

IFX Down 0.13%

Iran Fara Bourse main index, IFX, lost 27.2 points or 0.13% to close Wednesday at 20,411.

About 4.34 billion shares and securities valued at 49.65 trillion rials ($171.2m) were traded at the junior equities exchange for the day.

Day Bank had the highest number of traded shares as 621.37 million of its shares worth 481.92 billion rials ($1.66) were traded.

Iranian Ghadir Iron and Steel Company, Day Bank, Arya Sasol Polymer Company and Shahid Tondgooyan Petrochemical Company had the most negative impact on IFX.

Iran Cultural Heritage and Tourism Investment Group Company gave the biggest boost to IFX, followed by MAPNA Asaluyeh Power Generation Company, Melal Credit Institution and Bahman Diesel Company.