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EghtesadOnline: Following a brief correction phase on Monday, stocks in Tehran Stock Exchange rebounded on Tuesday to push the main gauge of TSE 0.57% higher.

TSE’s main index TEDPIX gained 1,153.49 points or 0.47% on Tuesday to end trading at 248,276.0. 

More than 2.78 billion shares valued at 11 trillion rials ($85.63 million) changed hands for the day.

Trading at TSE and Iran Fara Bourse starts on Saturday and ends Wednesday, Financial Tribune reported.

Farabi Pharmaceutical Company was the biggest winner, as its shares went up 17.85% to 13,646 rials per share. 

IranLent Company, a brake-pad manufacturer, incurred the biggest loss among TSE-listed companies and went down 5% to 41,935 rials per share.

Persian Gulf Petrochemical Industries Company gave the biggest boost to the benchmark index, followed by Omid Investment Management Group Company, Tamin Petroleum and Petrochemical Investment Company and Mobin Petrochemical Company.  

Mobarakeh Steel Company contributed the benchmark's biggest fall followed by Iran National Copper Industry Company, Bandar Abbas Oil Refining Company and Parsian Oil and Gas Development Group.

Iran Fara Bourse’s main index IFX rose 0.4% to close Tuesday trade at 3,197.96 points. 

Over 1.69 billion securities valued at 8.67 trillion rials ($68.20 million) were traded at the junior exchange for the day.

 

TSE stock exchange Tehran Stocks Correction Phase Nudge Higher