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EghtesadOnline: Tehran stock closed higher on Tuesday extending a bullish trend that has lasted for five sessions in a row.

The main index of Tehran Stock Exchange, TEDPIX, strengthened above the critical 1.5 million points, gaining 11,223.28 points or 0.75% to close the session at 1,513,066.

However, retail trade plunged 20% from the session before to reach 58.8 trillion rials ($217 million). 

About 10.66 billion shares valued at 63.33 trillion rials ($226 m) changed hands at TSE for the day.

Iran Tire Company was the biggest winner as its shares went up 13.06% to 1,446 rials per share.

Etebar Iran Investment Company incurred the biggest loss among all TSE-listed companies and went down 3.79% to 3,049 rials per share.

Ghadir Investment Company contributed the most to the benchmark's fall, followed by Golgohar Mining and Industrial Company, MAPNA Group Company and Mines and Metals Development Investment Company.

Persian Gulf Petrochemical Industries Company gave the biggest boost to the benchmark index followed by Esfahan Oil Refining Company, Bandar Abbas Oil Refining Company and Tehran Oil Refining Company.


IFX Up 0.3%

Iran Fara Bourse main index, IFX, gained 60.28 points or 0.29 % to close Tuesday trade at 20,765. About 3.27 billion shares and securities valued at 31.92 trillion rials ($114m) were traded at the junior exchange for the day.

Kerman Province Development Investment Company had the highest number of traded shares as 299.39 million of its shares worth 269.17 billion rials ($961,328) were traded.

Zagros Petrochemical Company, Mehr Ayandegan Financial Development Group Company, Tabas Parvardeh Coal Company and Bahman Diesel Company had the most negative impact on IFX.

Minoo Industrial Group Company gave the biggest boost to IFX, followed by Hormozgan Steel Company, Pasargad Insurance Company and Marun Petrochemical Company.


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