TEDPIX Ends Trade Higher

EghtesadOnline: Tehran Stock Exchange’s gain on Saturday came after days of lackluster trade in the runup to US President Donald Trump's Friday announcement that he would waive nuclear sanctions against Iran for another 120 days.

News ID: ۷۴۴۶۴۶

14 January 2018

Its main index gained 441.65 points or 0.46% to end trading at 96,627.6.

However, Trump warned European allies and US Congress they had to work with him "to fix the disastrous flaws” in the Joint Comprehensive Plan of Action or face a US exit from the deal, Reuters reported.

Iran's Foreign Minister Mohammad Javad Zarif reacted to Trump by saying that the JCPOA is not renegotiable, according to Financial Tribune.

“Trump’s policy and today’s announcement amount to desperate attempts to undermine a solid multilateral agreement, maliciously violating its paras 26, 28 & 29. JCPOA is not renegotiable: Rather than repeating tired rhetoric, US must bring itself into full compliance-just like Iran," he tweeted late Friday as reported by IRNA.

About 701 million shares valued at $36.03 million changed hands at TSE on Saturday.

Trading at TSE and Iran Fara Bourse starts on Saturday and ends on Wednesday.

Iran Khodro Investment Company was the biggest riser, going up 4.96% to 3,088 rials per share.

Pars Electric Manufacturing Company incurred the biggest loss among all TSE-listed companies, as it went down 4.98% to 3,892 rials per share.

Iran National Copper Industry Company gave the biggest boost to the benchmark index, followed by Mobarakeh Steel Company and Iran Khodro Group.

Persian Gulf Petrochemical Industries Company weighed the most on TEDPIX, followed by Parsian Oil and Gas Development Group and Mobin Petrochemical Company.

The Price Index gained 141.14 points to close at 30,881.4.

The First Market Index was up 404.28 points to post 68,632.3.

The Second Market Index gathered 464.63 points to reach 205,791.6.

The Industry Index added 408.57 points to register 85,168.1.

The Free Float Index scored 688.30 points to hit 104,161.27.

The TSE 30 gained 29 points to settle at 4,220 and the TSE 50 was up 20.42 points to finish at 4,016.1.

> IFX Up 0.96%

Iran Fara Bourse’s main index IFX added 10.34 points or 0.96% to close Saturday trade at 1,086.97.

About 329.71 million securities valued at $24.11 million were traded at the over-the-counter exchange for the day.

Esfahan Steel Company witnessed the highest number of traded shares, as 32.792 million of its shares were traded.

Iran Cultural Heritage and Tourism Investment Group Company had the highest trade value, with the trading of shares worth $943,173.

Zangan Zinc Industry Company, KBC Company and Saina Company registered the highest value increase.

Caspian Tamin Pharmaceutical Company, Alborz Bulk Company and Pegah Fars Dairy Company suffered the biggest decline.

Marun Petrochemical Company, Zagros Petrochemical Company and Damavand Power Generation Company had the most positive impact on IFX.