TSE Nudges Higher

EghtesadOnline: Tehran stocks rallied Sunday as investor sentiment remained high for stocks of giant listed companies particularly in commodity, metal and bank groups.

News ID: ۷۴۹۲۴۳

23 December 2019

The main gauge of Tehran Stock Exchange TEDPIX gained 2,724.41 points, or 0.77%, for the day to end trading at 356,721.1.

The domestic stock market has seen a change in investors’ approach from shares of small capital stocks toward high-cap listed companies as global commodity stocks continue to flourish.

About 4.2 billion shares valued at 22.60 trillion rials ($174.15 million) changed hands at TSE for the day, according to Financial Tribune.

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

Chodan Sazan Company (manufacturer of cast rolls) was the biggest winner as its shares went up 10.7% to 9,355 rials per share.

Sazeh Puyesh Company (auto parts company) incurred the biggest loss among all TSE-listed companies and went down 4.81% to 67,338 rials per share.

Tehran Oil Refining Company contributed the most to the benchmark's fall, followed by Telecommunication Company of Iran, Khorasan Steel Company and Bank Mellat.

Persian Gulf Petrochemical Industries Company gave the biggest boost to the benchmark index, followed by Mobarakeh Steel Company, Golgohar Mining and Industrial Company and Chadormalu Mining and Industrial Company.

IFX Up 1.1%

Iran Fara Bourse main index IFX gained 51.82 points or 1.14% to close Sunday trade at 4,610.8.

About 1.7 billion securities valued at 13.58 trillion rials ($104.64 million) were traded at the over-the-counter exchange.

Marun Petrochemical Company, Damavand Power Generation Company, Lavan Oil Refining Company and Omid Taban Hour Energy Management had the most negative impact on IFX.

Gohar Zamin Iron Ore Company gave the biggest boost to IFX, followed by Zagros Petrochemical Company, Middle East Mines and Mineral Industries Development Holding Company and Arfa Iron and Steel Company.