Stock Market Investors See Uncertainty, Again
EghtesadOnline: Leaving behind a lukewarm week, Tehran’s stock market again entered another period of looming uncertainty on Saturday.
In choppy trade the benchmark of Tehran Stock Exchange, TEDPIX, lost 282.13 points or 0.02% to end trade at 1,282,129.66.
Reflecting the performance of small caps, the TSE’s equal-weighted index was down 0.06%.
Close to 60% of the tickers lost value on Saturday, comprising 291 tickers while 187 others gained. The best gainers were auto and bank shares.
Retail trade rose 17% to reach 31.1 trillion rials (117 million), accounting for 58% of the total trade. Net capital outflow by retail investors amounted to 4.3 trillion rials ($16m).
About 5.55 billion shares valued at 32.01 trillion rials ($118.6m) changed hands at TSE.
Trading at TSE and junior exchange Iran Fara Bourse starts on Saturday and ends Wednesday.
Post Bank of Iran was the biggest winner as its shares went up 4.98% to 3,644 rials per share. Loabiran Company incurred the biggest loss among all TSE-listed companies and went down 4.85% to 4,296 rials per share.
Bandar Abbas Oil Refining Company contributed the most to the benchmark's fall, followed by Esfahan Oil Refining Company, Tehran Oil Refining Company and Mines and Metals Development Investment Company.
Mellat Bank gave the biggest boost to the benchmark index followed by Iran Khodro Company, Tejarat Bank and Bank Saderat.
IFX Down 0.07%
Iran Fara Bourse main index, IFX, lost 0.07 points or 11.92% to close Saturday trade at 17,515. About 3.02 billion shares and securities valued at 38.04 trillion rials ($140.9m) were traded at the junior exchange for the day.
Tajali Mines and Metals Development Company, Pouya Zarkan Agh Darreh Company, Melal Credit Institution and Tabas Parvardeh Coal Company had the most negative impact on IFX.
Pasargad Insurance Company gave the biggest boost to IFX, followed by Iranian Reinsurance Company, Iran Cultural Heritage and Tourism Investment Group Company and Chaharmahal Food Products and Sugar Company.