EghtesadOnline: Large and small-cap shares took different paths in the Tehran Stock Exchange on Sunday with the shares of the latter closing mainly in the red and the former pushing the TSE benchmark further into positive territory.
The main gauge of TSE, TEDPIX, closed 25,674 points higher to reach 1,491,951, making 1.75% gain daily. The benchmark had reached 1,499,900 points in the early hours of trade, barely 100 points shy of the psychological 1.5 million points, which many analysts consider a resistance level.
Failing to touch the critical level, most shares went into a sell-off with micro-cap shares hit harder and many large-cap stocks rebounding later.
This pushed the equal-weighted index into negative territory at 0.33%, indicating that majority of micro-cap shares were in the red. The index gives the same weight to all shares irrespective of their market cap.
About 16.18 billion shares valued at 207.78 trillion rials ($1.08 billion) changed hands at TSE for the day.
Parsian Bank was the biggest winner as its shares went up 18.56% to 3,960 rials per share.
Bama Mining Company incurred the biggest loss among all TSE-listed companies and went down 5% to 184,890 rials per share.
Pars Petrochemical Company contributed the most to the benchmark's fall, followed by Khouzestan Steel Company, Jam Petrochemical Company and Pardis Petrochemical Company.
Persian Gulf Petrochemical Industries Company gave the biggest boost to the benchmark index, followed by Mobarakeh Steel Company, Parsian Bank and National Iranian Copper Industries Company .
The Industry Index was up 21,436.04 points or 1.66% to register 1,310,589.33. The Free Float Index was up 26,624.1 points to hit 1,979,970.
TSE 30 went up 1,847.81 points to settle at 72,383.05 and the TSE 50 ended 1,460.4 points higher to finish at 57,843.01.
IFX Up 0.2%
Iran Fara Bourse main index IFX gained 32.42 points or 0.2% to close Sunday trade at 16,063.53.
About 3.75 billion securities valued at 66.83 trillion rials ($348.1 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 428.12 million of its shares worth 3.73 trillion rials ($19.43 million) were traded.
Zagros Petrochemical Company, Hormozgan Steel Company, Esfahan Steel Company and Iran Cultural Heritage and Tourism Investment Group Company had the most negative impact on IFX.
Gohar Zamin Iron Ore Company gave the biggest boost to IFX, followed by Marun Petrochemical Company, Jahrom Power Plant Development Company and Shahid Tondgooyan Petrochemical Company.