Tehran Stocks Ends Monday Higher

EghtesadOnline: Tehran Stock Exchange’s main index gained 376.16 points or 0.19% on Monday to end trading at 195,480.2.

News ID: ۷۴۶۰۷۴

02 October 2018

About 6.07 billion shares valued at $132.04 million changed hands at TSE for the day.

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

Zagros Pharmed Pars Co. was the biggest winner as its shares went up 10.22% to 10,372 rials per share, according to Financial Tribune.

Tehran Renovation and Construction Company incurred the biggest loss among all TSE-listed companies and went down 6.7% to 3,256 rials per share.

Mobarakeh Steel Co.  gave the biggest boost to the benchmark index, followed by Mines and Metals Development Investment Company (MMDIC), and Tehran Oil Refining Co.

Persian Gulf Petrochemical Industries Company was the biggest laggard behind the benchmark's fall, followed by Pars Petrochemical Company, and Parsian Oil and Gas Development Group.

The Price Index gained 109.94 points to close at 57,132.5.

The First Market Index was up 1,286.66 points to post 145,384.7.

The Second Market Index lost 4,098.10 points to reach 382,727.9.

The Industry Index increased by 0.91 points to register 178,074.9.

The Free Float Index was up 1,637.59 points to hit 209,797.29.

The TSE 30 went up 100.71 point to settle at 9,469.6 and the TSE 50 ended 29.09 points higher to finish at 8,415.7.

> IFX Up 0.56%

Iran Fara Bourse’s main index IFX gained 12.38 points or 0.56% to close Monday trade at 2,240.97.

About 1.52 billion securities valued at $48.18 million were traded at the over-the-counter exchange for the day.

Bank Day had the highest number of traded shares as 250.95 million of its shares changed hands.

Zagros Petrochemical Co. registered highest trade value as $2.14 million worth of its sahres were traded.

Iran Cultural Heritage and Tourism Investment Group Company, Kowsar Insurance, and Iran & Shargh Leasing Company registered the highest value increase.

Behpak Industrial Company, Sobhan Investment Company, and Baghmisheh Urbanism Company suffered the biggest decline.

Esfahan Steel Co., Middle East Mines Industries Development Holding Company, and Hormozgan Steel Co. had the most positive impact on IFX.

> CSDI Issues 534,000 TSE Trading Codes in H1

The Central Securities Depository of Iran issued more than 534,000 trading codes for new investors during the first half of the current fiscal (ended September 22), the  CSDI deputy manager said.

Fariba Akhavan said the number of total trading codes has reached 10.48 million, IBENA reported.

“Currently, more than 10.37 million natural shareholders and 106,000 legal shareholders are operating in the Iranian capital market,” she added.

In addition, 115 foreign trading codes were issued during the six-month period. The number of foreign shareholders in Iran’s capital market amounts to 1,190, Akhavan noted.

She continued that 49 codes related to housing bonds were also active in the capital market in H1.

The most important activities of CSDI during H1 included  measure to lower the tax rate for share transfers, increase the issuance of Islamic treasury bills and signing MOUs with the National Settlement Depository (NSD) of Russia as well as with the Swiss-Iranian Investment Forum (SIIF).

Tehran Stock Exchange is Iran’s largest stock exchange, established in 1967. The Central Securities Depository of Iran issued 174,719 trading codes in the last fiscal  (ended in March, showing a growth of 40% year-on-year.