Tehran Shares Stuck in Negative Territory

EghtesadOnline: The main index of Tehran Stock Exchange, TEDPIX, fell below the supportive level of 1.6 million points losing more than 57,000 points on Monday, extending a losing streak into the third day.

News ID: ۷۵۱۰۶۲

22 September 2020

TEDPIX lost 3.45% to close trade at 1,595,160 points. That put the TSE benchmark loss at 9.2% during the last calendar month that ended Sep. 21.

About 5.66 billion shares valued at 55.27 trillion rials ($204.7 million) changed hands at TSE for the day. Trading at TSE and over-the-counter Iran Fara Bourse starts on Saturday and ends Wednesday.

Jooshkab Yazd Industries Company was the biggest winner as its shares went up 4.96% to 126,760 rials per share.

Tejarat Bank incurred the biggest loss among all TSE-listed companies and went down 5% to 3,230 rials per share.

Persian Gulf Petrochemical Industries Company contributed the most to the benchmark's fall, followed by Mobarakeh Steel Company, National Iranian Copper Industries Company and Golgohar Mining and Industrial Company.

Omid Construction and Development Company gave the biggest boost to the benchmark index, followed by South Khorasan Province Investment Company, Iran Construction Investment Company and Neyshabour Sugar Company.

The Industry Index lost 52,048.37 points or 3.55% to register 1,415,012.13. The Free Float Index was down 73,292.43 points to hit 2,150,858.10. TSE 30 went down 4,002.82 points to settle at 85,134.85 and the TSE 50 ended 2,620.77 points lower to finish at 63,810.13.

IFX Down 1.22%

Iran Fara Bourse main index IFX lost 217.42 points or 1.22% to close Monday trade at 17,599.23.About 3.4 billion securities valued at 52.13 trillion rials ($193.1m) were traded at the over-the-counter exchange for the day.

Marun Petrochemical Company, Gohar Zamin Iron Ore Company, Esfahan Steel Company and Shahid Tondgooyan Petrochemical Company had the most negative impact on IFX.

Pasargad Insurance Company gave the biggest boost to IFX, followed by Zagros Petrochemical Company, Arya Sasol Polymer Company and Saba Tamin Investment Company.