Tehran Stocks Pause in Bid to Save Gains
EghtesadOnline: Tehran’s stock market was sluggish on Tuesday after making a historic advance a day earlier as investors moved to sell shares to save past gains.
The main gauge of Tehran Stock Exchange made a slight rise of 0.2% to 312,208 for the day compared to the dramatic gain of 9,000 points on Monday, a solid surge that sent TEDPIX 3.1% higher.
About 4.88 billion shares valued at 22.95 trillion rials ($202.19 million) changed hands at TSE for the day.
Trading at TSE and over-the-counter Iran Fara Bourse starts on Saturday and ends Wednesday, according to Financial Tribune.
Razak Laboratories Company was the biggest winner as its shares went up 5% to 25,515 rials per share.
Luleh va Mashinsazi Iran Company (iron pipes manufacturer) incurred the biggest loss among all TSE-listed companies and went down 5% to 15,719 rials per share.
Golgohar Mining and Industrial Company contributed the most to the benchmark's fall, followed by Persian Gulf Petrochemical Industries Company, MAPNA Group, and Khouzestan Steel Company.
Omid Investment Management Group Company gave the biggest boost to the benchmark index, followed by Esfahan Oil Refining Company, and Tamin Petroleum and Petrochemical Investment Company.
The Price Index gained 197.68 points, or 0.24% to close at 83,912.3.
The First Market Index increased by 270.92 points, or 0.12% to post 226,876.9 and the Second Market Index increased by 2,678.09 points, or 0.42% to reach 635,013.1.
The Industry Index increased by 767.14 points or 0.27% to register 280,366.1. Free Float Index was up 724.58 points to hit 359,425.60.
TSE 30 increased by 6.53 points to settle at 13,303.6 and the TSE 50 ended 16.41 points higher to finish at 12,123.8.
IFX Up 0.41%
Iran Fara Bourse main index IFX gained 16.96 points or 0.41% to close Tuesday trade at 4,138.1.
About 1.65 billion securities valued at 10.47 trillion rials ($92.24 million) were traded at the over-the-counter exchange for the day.
Esfahan Steel Company had the highest number of traded shares and trade value as 269.056 million of its shares worth 562.28 billion rials ($4.95 million) were traded.
Lavan Oil Refining Company, Goharzamin Iron Ore Company, and Bank Day had the most negative impact on IFX.
Zagros Petrochemical Company gave the biggest boost to IFX, followed by Esfahan Steel Company, and Middle East Mines & Mineral Industries Development Holding Company.