Tehran Stocks Return From Holidays With Strong Gains
EghtesadOnline: Tehran Stock Exchange’s main index gained 3,209.53 points or 2.04% on Saturday to end trading at 160,538.2.
About 4.62 billion shares valued at $118.10 million changed hands at TSE for the day.
Trading at TSE and Iran Fara Bourse starts on Saturday and ends on Wednesday. The two exchanges were closed last Tuesday and Wednesday due to national holidays.
Tehran Renovation and Building Company was the biggest winner, as its shares went up 31.98% to 2,885 rials per share, Financial Tribune reported.
Damavand Mining Company incurred the biggest loss among all TSE-listed companies and went down 5% to 41,979 rials per share.
Iran National Copper Industry Company gave the biggest boost to the benchmark index, followed by Mobile Telecommunications Company of Iran and Bandar Abbas Oil Refining Company.
Mellat Bank was the biggest laggard behind the benchmark’s fall, followed by Jam Petrochemical Company and Tejarat Bank.
The Price Index gained 938.14 points to close at 46,920.1.
The First Market Index was up 2,341.99 points to post 118,527. The Second Market Index added 6,503.70 points to reach 318,495.7.
The Industry Index increased by 3,033.02 points to register 146,264.
The Free Float Index was up 3,560.70 points to hit 171,621.31.
The TSE 30 went up 134.89 point to settle at 7,667 and the TSE 50 ended 128.45 points higher to finish at 6,872.2.
IFX Up 1.1%
Iran Fara Bourse’s main index IFX gained 20.41 points or 1.1% to close Saturday trade at 1,878.98.
About 1.07 billion securities valued at $39.74 million were traded at the over-the-counter exchange for the day.
Esfahan Steel Company had the highest number of traded shares and trade value, as 96.65 million of its shares worth $2.12 million were traded.
Iran Cultural Heritage and Tourism Investment Group Company, Ghadir Petrochemical Company and MobinOne Kish Company registered the highest value increase.
Marun Petrochemical Company, Sobhan Investment Company and Chaharmahal Food Products and Sugar Company suffered the biggest decline.
Marun Petrochemical Company, Esfahan Steel Company and Damavand Power Generation Company had the most positive impact on IFX.