Tehran Stock Exchange's main index, TEDPIX, gained 65,517.30 points or 3.77% on Sunday to end at 1,804,299.04 while the TSE equal-weighted index added 2.04%.
About 26.8 billion shares worth 156.66 trillion rials ($348.13 million) changed hands for the day. Trading at TSE and over-the-counter Iran Fara Bourse starts on Saturday and ends Wednesday.
Negin Tabas Coal Company led the winner’s list as its shares jumped 6.89% to 19,400 rials per share. The carmaker Bahman Group was the big loser among all TSE-listed companies plunging 4.04% to 1,969 rials per share.
The Bahman Group contributed the most to the benchmark's fall, followed by Tejarat Bank, carmaker Iran Khodro Company and Osve Pharmaceutical Company.
Mobarakeh Steel Company gave the biggest boost to the benchmark index, followed by National Iranian Copper Industries Company, Persian Gulf Petrochemical Industries Company and Esfahan Oil Refining Company.
TEDPIX, gained 82,188.58 points or 4.96% on Saturday to end at 1,738,782.27, posting the highest daily growth in recent months and displaying some rare resilience.
IFX Rises 2.47%
Iran Fara Bourse main index IFX gained 549.23 points or 2.47% to close Sunday at 22,757.48.
About 10.43 billion securities worth 123.5 trillion rials ($274.45 million) were traded at the over-the-counter exchange for the day.
Day Bank had the highest number of traded shares at 1.08 billion worth 950.32 billion rials ($2.11 million).
Iranian Zinc Industrial Expansion Company was in the lead in terms of growth among all IFB-listed companies climbing 6.95% to reach 5,169 rials per share. The big loser was Pakdis Company plunging 5.14% to reach 17,900 rials per share.
Entekhab Electronic Arman Industrial Group Company, Pakdis Company, Rail Pardaz Noafarin 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 Pasargad Insurance Company, Arya Sasol Polymer Company and Zagros Petrochemical Company.
TSE Monthly Report
The latest report on TSE's monthly performance shows that the market declined in the eleventh month of the current fiscal year.
In 19 sessions TEDPIX lost more than 155,778 points or 9.22% to Feb. 22 to settle at 1,533,366. The benchmark closed five sessions in positive territory and 14 in the red.
In the month to Feb. 22 TSE’s equal weighted index lost 9.4%.
Unlike the market cap-weighted index, the equal-weighted index better reflects the performance of companies with a small market cap. The latter index, however, eked out more gains in the first four months of the current fiscal year compared to TEDPIX.
It gained close to 12.15% since the beginning of the year on March 21 of last year until Feb. 22. The relatively robust gains indicate better performance of small caps.
About 208.9 billion shares valued at 1,363 trillion rials ($2.72 b) changed hands at TSE during the month, down 25.84% in volume and 20.49% in value on the month before.
The price index lost 9.66% to end the month at 262,662. The First Market Index was down 9.03% in the month and the Second Market also lost 9.45% to reach 2,966,000.
The Industry Index was down 9.3% and the Free Float Index registered a monthly decline of 7.79%.
TSE 30 went down 7.99% to settle at 90,236. This index tracks the performance of stocks of the top 30 companies in terms of market capital.
