Tehran Shares Surge 1.6%
EghtesadOnline: Adding another 1.68%, the benchmark of Tehran Stock Exchange, TEDPIX, moved 28,786 points higher to close at 1,747,136.
The equal-weighted index closed at flatline and retreated 0.07% to settle at 483,002, showing that the large-cap shares were winners as seen in most recent sessions. The index gives the same weight to shares of all listed companies irrespective of their market-cap.
Tuesday’s session featured a significant rise in trade value with total market trading in the TSE and the junior equity market reaching 214 trillion rials, or 20.9% higher, according to data released by the Tehran Securities Exchange Technology Management Company.
Iran’s stock market is riding on an inflow of fresh money by the ever-increasing number of investors. The share market experienced 14.3 trillion rials (66.5 million) in cash inflow by individual investors.
Chemical, basic metals and banks stocks had the highest trading value where the two latter absorbed the highest cash. Sell-off hit mainly cement companies on Tuesday as major ticker symbols in cement categories were in the red.
About 9.02 billion shares valued at 157.26 trillion rials ($714.82 million) changed hands at TSE for the day.
Ofogh Koorosh Chain Stores Company was the biggest winner as its shares went up 17.1% to 71,760 rials per share.
Esfahan Cement Company incurred the biggest loss among all TSE-listed companies and went down 6.48% to 148,700 rials per share.
Pars Petrochemical Company contributed the most to the benchmark's fall, followed by National Development Investment Group Company, Informatics Services Corporation and Mellat Bank .
Mobarakeh Steel Company gave the biggest boost to the benchmark index, followed by Tamin Petroleum and Petrochemical Investment Company, Iran Khodro Company and Parsian Oil and Gas Development Company.
IFX Up 1.42%
Iran Fara Bourse main index, IFX, gained 252.89 points, or 1.42%, to close Tuesday trade at 18,064.8.
About 3.85 billion securities valued at 122.62 trillion rials ($557.4 million) were traded at the over-the-counter exchange for the day.
Pars Paper Industrial Group Company, Iran Cultural Heritage and Tourism Investment Group Company, Iran Office Machines Industries Company and Middle East Mines and Mineral Industries Development Holding Company had the most negative impact on IFX.
Marun Petrochemical Company gave the biggest boost to IFX, followed by Saba Tamin Investment Company, Zagros Petrochemical Company and Pasargad Insurance Company.