EghtesadOnline: Tehran’s share market ended the session on Tuesday in positive territory after making reasonable gains a day earlier as hopes about market recovery lifted morale and sentiments.
The main gauge of Tehran Stock Exchange, TEDPIX, gained 14,680.13 points or 1.08% to close at 1,376,094.41.
Unlike most recent sessions, demand was high for majority of small caps pushing up the TSE’s equal-weighted index by close to 1%.
As in the previous session, institutional investors were the main buyers as capital outflow by retail investors continued for the 12th consecutive session, reaching 2.2 trillion rials ($8 million).
Value of trade by retail investors declined 4% to reach 36.6 trillion rials ($135m). About 4.52 billion shares worth 36.1 trillion rials ($133.7m) changed hands at TSE for the day.
Trading at TSE and junior equity exchange Iran Fara Bourse starts on Saturday and ends Wednesday.
Shafa Darou Investment Company was the biggest winner as its shares went up 4.97% to 41,820 rials per share. Pars Electric Manufacturing Company incurred the biggest loss among all TSE-listed companies and plunged 5% to 117,290 rials per share.
Barakat Pharmaceuticals Group Company contributed the most to the benchmark's fall, followed by Asan Pardakht Persian Company, Iran Tractor Forging Company and Iran Aluminum Company.
Mobarakeh Steel Company gave the biggest boost to the benchmark index followed by Golgohar Mining and Industrial Company, Bandar Abbas Oil Refining Company and Pardis Petrochemical Company.
IFB Gains 0.7%
Iran Fara Bourse main index, IFX, gained 141.5 points or 0.73% to close Tuesday trade at 19,542.42. About 2.06 billion securities valued at 19.67 trillion rials ($72.88 billion) were traded at the junior exchange for the day.
Sepid Damavand Fund had the highest number of traded shares as 295 million of its shares worth 295 million rials were traded.
Iran Cultural Heritage and Tourism Investment Group Company, Kowsar Insurance Company, Tejaratno Insurance Company and Zagros Petrochemical Company had the most negative impact on IFX.
Arya Sasol Polymer Company gave the biggest boost to IFX, followed by Iran Fara Bourse, Minoo Industrial Group Company and Shahid Tondgooyan Petrochemical Company.