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EghtesadOnline: Tehran Stock Exchange extended its bullish trend into the fourth day on Tuesday after making unprecedented losses last week spurred by political tensions.

The TSE's main gauge TEDPIX gained 3,874.55 points, or 0.99%,  to end trading at 395,912.6. The benchmark has soared more than 10% since the start of trading week on Saturday, according to Financial Tribune.

About 6.18 billion shares valued at 34.80 trillion rials ($267.76 million) changed hands at TSE for the day. Trading at TSE and over-the-counter Iran Fara Bourse starts on Saturday and ends Wednesday.

Rena Industrial Investment Company was the biggest winner as its shares went up 24.23% to 2,169 rials per share.

Kavir Tire Company incurred the biggest loss among all TSE-listed companies and went down 4.07% to 11,467 rials per share.

Persian Gulf Petrochemical Industries Company contributed the most to the benchmark's fall, followed by Khorasan Steel Company, Bandar Abbas Oil Refining Company and Omid Investment Management Group Company.

Bank Mellat gave the biggest boost to the benchmark index, followed by Telecommunication Company of Iran, National Iranian Copper Industries Company and Nouri Petrochemical Company.

 

IFX Up 0.97%

Iran Fara Bourse main index IFX gained 49.18 points or 0.97% to close Tuesday trade at 5,094.86.

About 2.01 billion securities valued at 17.066674059128 trillion rials ($131.28 million) were traded at the over-the-counter exchange for the day.

Esfahan Steel Company had the highest number of traded shares as 273.58 million of its shares worth 608.70 billion rials ($4.68 million) were traded.

Hormozgan Steel Company, Damavand Power Generation Company, Iranol Oil Company and MAPNA Asaluyeh Power Generation Company had the most negative impact on IFX.

Marun Petrochemical Company gave the biggest boost to IFX, followed by Goharzamin Iron Ore Company, Arfa Iron and Steel Company and Iran Office Machines Industries Company.

 

Trend Iran stock exchange Tehran political tensions Bullish