EghtesadOnline: The stock market in Tehran again opened Monday in negative territory before the main index of Tehran Stock Exchange, TEDPIX, creeped into the green later buoyed by price rise in a minority of large caps.
The TSE's benchmark closed choppy trade 0.5% higher, gaining 5,745.66 points to end trading at 1,157,642. The TSE-30 Index was up more than 1.5%. The index tracks the performance of top 30 listed companies in terms of market cap.
As seen in most sessions in the past several weeks, the equal weighted index was down 0.5% amid lack of significant demand for small caps.
The value of trade by retail investors jumped 96% to reach 38.73 trillion rials ($175 million) while net capital outflow declined 89% to reach the lowest in the past 30 sessions, according to Eqtesad News website.
About 9.17 billion shares valued at 44.87 trillion rials ($203.96 m) changed hands at TSE for the day. The Iranian Investment Petrochemical Group was the biggest winner as its shares climbed 5.16% to 8,150 rials per share.
Alvand Tile Company incurred the biggest loss among all TSE-listed companies plunging 56.21% to 20,360 rials per share.
The Mapna industrial giant contributed the most to the benchmark's fall, followed by Iran Khodro car company, Alvand Tile Company and SAIPA Automaker Company.
National Iranian Copper Industries Company gave the biggest boost to the benchmark index, followed by Mobarakeh Steel Company, Social Security Investment Company and Persian Gulf Petrochemical Industries Company.
Iran Fara Bourse closed in positive territory and its main index, IFX, gained 38.43 points or 0.22% to close Monday trade at 17,268.15. About 766.65 million securities valued at 124.77 trillion rials ($567.17m) were traded at the junior exchange for the day.
Gohar Zamin Iron Ore Company, Asia Seir Aras Company, Kerman Province Development Investment Company and Arfa Iron and Steel Company had the most negative impact on IFX.
Arya Sasol Polymer Company gave the biggest boost to IFX, followed by Esfahan Steel Company, Shahid Tondgooyan Petrochemical Company and Damavand Power Generation Company.