Tehran Stock Market Inches Up

EghtesadOnline: The benchmark of Tehran Stock Exchange took a giant leap during the first hours of trading session on Sunday, soaring more than 7,000 points, before retreating to 4,000 at the end of the day.

News ID: ۷۴۸۷۰۹

14 October 2019

Adding to hefty gains a day earlier, TSE’s main gauge climbed 1.28% to 326,190.6.

The market reversed course as selloff pressure mounted for shares of 231 companies, a bad omen signifying that the next trading day (Monday) will probably open in the red.

Market Performance

The TSE's main index TEDPIX gained 4,130.78 points or 1.28% on Sunday to end trading at 326,190.6, according to Financial Tribune.

About 3.31 billion shares valued at 17.7 trillion rials ($155.25 million) changed hands at TSE for the day.

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

Noosh Mazandaran Company (food company) was the biggest winner as its shares went up 9.89% to 29,658 rials per share.

Darab Cement Company incurred the biggest loss among all TSE-listed companies and went down 5% to 4,883 rials per share.

Iran Khodro Company (IKCO) contributed the most to the benchmark's fall, followed by MAPNA Group, Parsian Bank and National Investment Company of Iran.

Persian Gulf Petrochemical Industries Company gave the biggest boost to the benchmark index, followed by National Iranian Copper Industries Company, Pars Petrochemical Company and Tehran Oil Refining Company.

The Price Index gained 1,110.30 points, or 1.28% to close at 87,670.8.

The First Market Index increased by 2,988.87 points, or 1.28% to post 235,709.9. Second Market Index increased by 8,462.91 points, or 1.28% to reach 669,416.9.

The Industry Index increased by 4,188.01 points or 1.46% to register 291,296.0. The Free Float Index was up 2,905.50 points to hit 374,452.49.

TSE 30 increased by 254.99 points to settle at 14,082.5 and the TSE 50 ended 253.60 points higher to finish at 12,820.1.

IFX up 0.16%

Iran Fara Bourse main index IFX gained 6.84 points or 0.16% to close Sunday trade at 4,161.81.

About 1.71 billion securities valued at 11.05 trillion rials ($96.9 million) were traded at the over-the-counter exchange for the day.

Middle East Mines and Mineral Industries Development Holding Company had the highest number of traded shares and trade value as 200.00 million of its shares worth 1.04 trillion rials ($9.15 million) were traded.

Damavand Power Generation Company, MAPNA Asaluyeh Power Generation Company and Ghasem Iran Company had the most negative impact on IFX.

Goharzamin Iron Ore Company gave the biggest boost to IFX, followed by Middle East Mines & Mineral Industries Development Holding Company and the Zagros Petrochemical Company.