EghtesadOnline: Tehran stocks opened Saturday trade on a higher note, extending a rising trend that started on Wednesday amid high demand for majority of small caps.
The market-cap weighted benchmark of Tehran Stocks Exchange, TEDPIX, gained 20,422.02 points or 1.34% ending trade at 1,541,048.
Rise in small caps outpaced stocks of giant companies as the TSE’s equal-weighted index gained 2% while the TSE-30 Index climbed a little over 1%. The index tracks the top 30 traded stocks in terms of market cap.
Prices of more than 80% of the traded stocks rose on Saturday, comprising 392 tickers. Capital inflow by retail traders was 4.6 trillion rials ($17 million) for the day.
About 10.44 billion shares valued at 87.96 trillion rials ($325.7 m) changed hands at the TSE for the day.
Rouz Darou Pharmaceuticals Company incurred the biggest loss among all TSE-listed companies and losing 4.37% to reach 31,530 rials per share.
Omid Investment Management Group Company contributed the most to the benchmark's fall, followed by Informatics Services Corporation, Parsian Oil and Gas Development Group Company and Isfahan Province Investment Company.
Persian Gulf Petrochemical Industries Company gave the biggest boost to the benchmark index followed by Middle East Mines and Mineral Industries Development Holding Company, Nouri Petrochemical Company and Chadormalu Mining And Industrial Company.
IFB Up 1.5%
Iran Fara Bourse main index, IFX, gained 333.13 points or 1.49% to close Saturday trade at 22,742.46.
About 5.09 billion securities valued at 163.43 trillion rials ($605.3m) were traded at the junior exchange for the day.
Day Bank had the highest number of traded shares as 1.67 billion of its shares worth 2.24 trillion rials ($8.3m) were traded.
Sepidar System Asia Company was the best gainer at the IFB as its stocks gained 30.89% to reach 24,100 rials per share.
Minoo Industrial Group Company, Arfa Iron and Steel Company, Esfahan Steel Company and Daroupakhsh Distribution Company had the most negative impact on IFX.
Arya Sasol Polymer Company gave the biggest boost to IFX, followed by Zagros Petrochemical Company, Saba Tamin Investment Company and Pasargad Insurance Company.