Tehran Stocks Close Higher

The main gauge of Tehran Stock Exchange, the market cap-weighted TEDPIX, gained 5,477.81 points or 0.37% for the day to end trade at 1,479,591.

The TSE-30 Index ended with smaller gains climbing 0.2%. The index tracks the performance of top companies in terms of market cap. 

While blue chips lagged behind, small caps continued to outperform pushing up the TSE’s equal-weighted index by more than 0.9%. 

At the end of the session, 308 tickers ended in positive area while prices of 175 others dropped, representing 35% of the total. 

Retail trade declined 7% from the session before to reach 56.5 trillion rials ($210 million) on Monday.  

About 11.8 billion shares valued at 56.47 trillion rials ($209m) changed hands at TSE for the day. Saipa Investment Group Company was the biggest winner as its shares went up 5% to 4,748 rials per share.

Mashhad Wheel Manufacturing Company incurred the biggest loss among all TSE-listed companies and went down 4.58% to 25,210 rials per share.

Social Security Investment Company contributed the most to the benchmark's fall, followed by Mellat Bank, Islamic Republic of Iran Shipping Lines Company and SAIPA Automaker Company.

Pardis Petrochemical Company gave the biggest boost to the benchmark index followed by Telecommunication Company of Iran, Ghadir Investment Company and Mobile Telecommunication Company of Iran.

IFX 0.64% Higher

Iran Fara Bourse main index, IFX, gained 129.33 points or 0.64 % to close Monday trade at 20,191. About 7.19 billion shares and securities valued at 1,855.76 trillion rials ($6.87 billion) were traded at the junior exchange for the day.

Minoo Industrial Group Company, Iran Fara Bourse, Iran Cultural Heritage and Tourism Investment Group Company and Tajali Mines and Metals Development Company had the most negative impact on IFX.

Arya Sasol Polymer Company gave the biggest boost to IFX, followed by Marun Petrochemical Company, Pasargad Insurance Company and Arfa Iron and Steel Company.