EghtesadOnline: Tehran stocks closed trading week Wednesday higher amid a buying frenzy that has been pushing up market indicators.
The benchmark of Tehran Stock Exchange, TEDPIX, gained 30,778.64 points and climbed or 2.12% to close at 1,484,589.92 points.
The rally swept through both large and small cap stocks with the latter dominating the market as seen in the 2.9% rise in the TSE-30 Index that tracks the 30 largest publically-traded companies at the TSE.
TSE’s equal-weighted index gained 1%, showing that small caps and penny stocks were also in upbeat mode.
Market data indicates that retail investors are coming back to the once lucrative share market. Value of total trade at the TSE and the junior exchange Iran Fara Bourse hit 265 trillion rials ($1 billion). Retail investors contributed to 103.8 trillion rials ($400 million) of the deals, up 14% to the day and the highest since late February.
About 11.14 billion shares valued at 98.77 trillion rials ($395.1 m) changed hands at TSE for the day.
Sina Ceramic and Tile Industries Company was the biggest winner as its shares went up 7.22% to 51,560 rials per share.
Pars Animal Food Company incurred the biggest loss among all TSE-listed companies and went down 10% to 326,520 rials per share.
Pakshoo Industrial Group Company contributed the most to the benchmark's fall, followed by Opal Kani Pars Mining and Processing Company, Barakat Pharmaceuticals Group Company and Damavand Mining Company.
Persian Gulf Petrochemical Industries Company gave the biggest boost to the benchmark index followed by Mobarakeh Steel Company, Social Security Investment Company and National Iranian Copper Industries Company.
IFX Adds 2%
Iran Fara Bourse main index, IFX, gained 423.24 points or 2.04% to close Wednesday trade at 21,212.78.
About 6.84 billion shares and securities valued at 166.97 trillion rials ($667.9m) were traded at the junior exchange for the day.
Day Bank had the highest number of traded shares as 791.53 million of its shares worth 918.24 billion rials ($3.67m) were traded.
Mahan Chicken Production Complex, Gilan Electric Power Development Company, Khazar Sea Shipping Lines Company and Alborz Distribution Company had the most negative impact on IFX.
Arya Sasol Polymer Company gave the biggest boost to IFX, followed by Marun Petrochemical Company, Gohar Zamin Iron Ore Company and Hormozgan Steel Company.