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EghtesadOnline: After a one day hiatus, stocks rebounded into positive territory amid investor optimism over earnings reports of listed companies for the last calendar month that ended on July 22.

Tehran Stock Exchange’s main index TEDPIX gained 1,586.38 points or 0.63% on Wednesday to end trading week at 252,864.7. 

More than 2 billion shares valued at 14.72 trillion rials ($120.69 million) changed hands for the day.

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

Silica Sand Manufacturing Company was the biggest winner as its shares went up 7.49% to 13,395 rials per share. 

Barez Industrial Group, a tire manufacturing company in Iran, incurred the biggest loss among all TSE-listed companies and went down 4.99% to 4,589 rials per share.

Persian Gulf Petrochemical Industries Company gave the biggest boost to the benchmark index, followed by Tehran Oil Refining Company, National Iranian Copper Industries Company, Tamin Petroleum and Petrochemical Investment Company and Bandar Abbas Oil Refining Company.

Jam Petrochemical Company contributed the most to benchmark fall followed by Telecommunication Company of Iran, National Investment Company of Iran, and Mobile Telecommunication Company of Iran. 

The Price Index gained 429.05 points to close at 68,378.3. 

First Market Index was up 1,148.43 points to post 186,319.4. Second Market Index increased by 3,248.81 points to reach 502,909.8.

The Industry Index went up by 1,609.24 points to register 227,194.2. Free Float Index was up 1,761.19 points to register 280,783.23.  

The TSE 30 went up 71.00 points to settle at 11,507.6 and the TSE 50 gained 67.54 points lower to finish at 10,317.2. 

Iran Fara Bourse’s main index IFX rose 0.67% to close Wednesday trade at 3,291.98 points. 

Over 1.24 billion securities valued at 8.58 trillion rials ($70.32 million) were traded at the junior exchange for the day.

 

Iran Tehran Stocks Investor Optimism Positive Territory earnings reports