EghtesadOnline: Major indexes in Tehran’s share market improved on Tuesday following the announcement of the government’s latest plan to help revive the struggling market.
The benchmark of Tehran Stock Exchange, TEDPIX, gained 16,925.25 points or 1.3% for the day advancing further above the psychological 1.3 million level to end at 1,318,467.
As seen in the previous session, blue chips were in a beter postsion pushing up the TSE-30 Index by more than 1.7%.
The index tracks the performance of top 30 publically traded companies in terms of market cap.
The government earlier in the week approved a package comprising ten measures to shore up the bourse amid rampant uncertainty.
At the close of the session, 409 tickers gained, accounting for 81% of the total of tickers.
Despite the rally, retail trade declined 11% to reach 33.2 trillion rials ($114million), accounting for 53% of the total deals.
About 4.6 billion shares valued at 30.67 trillion rials ($109.8 million) changed hands at TSE for the day.
Trading at TSE and junior equity exchange Iran Fara Bourse starts on Saturday and ends Wednesday.
Khorasan Sabet Sugar Company was the biggest winner as its shares went up 5% to 1,681 rials per share.
Ama Industrial Company incurred the biggest loss among all TSE-listed companies and went down 4.03% to 18,570 rials per share.
Sepid Farab Kavir Steel manufacturing Company contributed the most to the benchmark’s fall, followed by Ama Industrial Company, Iran Tractor Forging Company and Pars Switch Company.
National Iranian Copper Industries Company gave the biggest boost to the benchmark index followed by Mobarakeh Steel Company, Persian Gulf Petrochemical Industries Company and Tamin Petroleum and Petrochemical Investment Company.
IFB Up 0.4%
Iran Fara Bourse main index, IFX, gained 83.83 points or 0.45% to close Tuesday trade at 18,523.74.About 1.69 billion securities valued at 45.66 trillion rials ($163m) were traded at the junior exchange for the day.
Kerman Province Development Investment Company had the highest number of traded shares as 143.28 million of its shares worth 127.5 billion rials ($455,375) were traded.
Pasargad Insurance Company, Minoo Industrial Group Company, MAPNA Asaluyeh Power Generation Company and Atieh Dadeh Pardaz Company had the most negative impact on IFX.
Gohar Zamin Iron Ore Company gave the biggest boost to IFX, followed by Arya Sasol Polymer Company, Arfa Iron and Steel Company and Takhte Jamshid Petrochemical Industries Company.