27 / July / 2021 19:25

Tehran Shares Open Higher

EghtesadOnline: After a weeklong Covid closure, the stock market in Tehran opened higher on Monday amid rising demand for large caps and inflow of fresh liquidity by retail investors.

News ID: 786744

The main index of Tehran Stock Exchange, TEDPIX, gained 12,048.28 points and climbed 0.92% to end trading at 1,323,354.

Large caps drove the rally pushing up the TES-30 Index by 1.2%. The index is a benchmark tracking the performance of top 30 listed companies in terms of market cap.

TSE’s equal-weighted index lagged behind and barely gained 0.2% as most small caps struggled with excessive supply.

The market rally is riding on fresh money from retail investors. Net capital inflow by retail traders was worth 2.5 trillion rials ($10.4 million) -- 232% higher on the amount in the previous trading session.

Top winners on Monday were mineral, base metal, agriculture food and telecom stocks while shares in auto, cement, tier, investment and sugar companies were in the red.  

About 6.6 billion shares valued at 55.6 trillion rials ($222m) changed hands at TSE for the day.

The newly listed Sepid Makian Company (poultry operator) was the biggest winner as its shares went up 40% to 25,330 rials per share.

Kermanshah Province Saham Edalat Investment Company incurred the biggest loss among all TSE-listed companies and went down 4.96% to 919 rials per share.

Khorasan Razavi Province Saham Edalat Investment Company contributed the most to the benchmark's fall, followed by Social Security Investment Company, Tamin Petroleum and Petrochemical Investment Company and Kish South Kaveh Steel Company.

Golgohar Mining and Industrial Company gave the biggest boost to the benchmark index followed by Mobarakeh Steel Company, Chadormalu Mining And Industrial Company and Omid Investment Management Group Company.

IFX Up 1.15%

The main index of Iran Fara Bourse, IFX, gained 218.45 points or 1.15% to close Monday trade at 19,267.

About 2.08 billion shares and securities valued at 178.86 trillion rials ($715.4m) were traded at the junior exchange for the day.

Iranol Oil Company was the top gainer with 5% rise to reach 48,230 rials per share. The biggest loss was recorded for Chaharmahal Food Products and Sugar Company with 11.71% fall to reach 18,000 rials per share.

Minoo Industrial Group Company, Saba Tamin Investment Company, Chaharmahal Food Products and Sugar Company and Kowsar Insurance Company had the most negative impact on IFX.

Pasargad Insurance Company gave the biggest boost to IFX, followed by Zagros Petrochemical Company, Gohar Zamin Iron Ore Company and Marun Petrochemical Company.

 

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Tehran Shares
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