EghtesadOnline: Tehran stocks opened trading week on Saturday amid a lukewarm reception of blue chips and relatively high demand for shares of smaller companies.
The market-cap weighted index of Tehran Stock Exchange, TEDPIX, closed a little above the flatline by climbing 0.07%. The TSE benchmark added 1,123 points to close session at 1,541,822.
Small-cap stocks were the winners as indicated by the 0.81% rise in the equal-weighted index, which gives the same weight to all shares irrespective of their market cap.
About 6.99 billion shares valued at 80.95 trillion rials ($269.83 million) changed hands at TSE for the day. Trading at TSE and over-the-counter Iran Fara Bourse starts on Saturday and ends Wednesday.
Farabi Pharmaceutical Company was the biggest winner as its shares went up 8.69% to 77,820 rials per share.
Mehvarsazan Iran Khodro Industrial Company incurred the biggest loss among all TSE-listed companies and slid 5.97% to 9,290 rials per share.
Mobarakeh Steel Company contributed the most to the benchmark's fall, followed by National Iranian Copper Industries Company, Tamin Petroleum and Petrochemical Investment Company and Ghadir Investment Company.
Iran Khodro Company gave the biggest boost to the benchmark index, followed by Telecommunication Company of Iran, MAPNA Group and Bank Saderat Iran.
IFX Down 0.21%
Iran Fara Bourse main index IFX lost 38.22 points or 0.21% to close Saturday trade at 18,115.97.
About 1.71 billion shares valued at 30.99 trillion rials ($103.3 m) were traded at the junior equity exchange for the day.
Esfahan Steel Company had the highest number of traded shares selling 299.54 million of its shares worth 1.88 trillion rials ($6.26m).
Gohar Zamin Iron Ore Company, Shahid Tondgooyan Petrochemical Company, Hormozgan Steel Company and Arya Sasol Polymer Company had the most negative impact on IFX.
Esfahan Steel Company gave the biggest boost to IFX, followed by Day Bank, Saba Tamin Investment Company and Middle East Mines and Mineral Industries Development Holding Company.