Tehran Stocks Open Slightly Higher

EghtesadOnline: Tehran stocks briefly touched the psychological level of 330,000 in early trading on Saturday, led by bank, pharmaceutical and auto shares, before reversing the course at the end of trading session.

News ID: ۷۴۸۶۳۱

06 October 2019

The Tehran Stock Exchange concluded trade in positive territory with its main gauge TEDPIX soaring 1,188.53, or 0.36%, to close trading at 327,305.7.

About 6.47 billion shares valued at 26.14 trillion rials ($228.3 million) changed hands at TSE for the day.

Trading at TSE and over-the-counter Iran Fara Bourse starts on Saturday and ends Wednesday, Financial Tribune reported.

Towlide Fibre Company was the biggest winner as its shares went up 9.08% to 4,038 rials per share.

Sazeh Pouyesh Company incurred the biggest loss among all TSE-listed companies and went down 4.79% to 52,852 rials per share.

Parsian Oil and Gas Development Company contributed the most to the benchmark's fall, followed by Persian Gulf Petrochemical Industries Company, Omid Investment Management Group Company, and Mobarakeh Steel Company.

Bank Mellat gave the biggest boost to the benchmark index, followed by Mobile Telecommunication Company of Iran, and Bank Pasargad.

The Price Index gained 319.52 points, or 0.36% to close at 87,970.5.

The First Market Index increased by 879.63 points, or 0.37% to post 237,738.6. Second Market Index increased by 2,346.88 points, or 0.35% to reach 666,220.9.

The Industry Index increased by 230.45 points or 0.08% to register 289,009.5.

IFX Down 0.4%

Iran Fara Bourse main index IFX lost 17.12 points or 0.4% to close Saturday trade at 4,255.08.

About 1.48 billion securities valued at 10.27 trillion rials ($89.72 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 192.31 million of its shares worth 433.93 billion rials ($3.8 million) were traded.

Marun Petrochemical Complex, Goharzamin Iron Ore Company and Lavan Oil Refining Company had the most negative impact on IFX.

Jahrom Power Plant Development Company gave the biggest boost to IFX, followed by Ghasem Iran Company (active in distribution industry) and Kowsar Insurance Company.