Tehran Stocks Upbeat

EghtesadOnline: Tehran's share market opened trading week on Saturday in positive territory amid rising demand for most stock categories.

News ID: ۷۵۱۵۹۳

29 November 2020

TEDPIX, the main index of Tehran Stock Exchange, gained 23,223 points or 1.72%, 0.7% shy of the psychological 1.4 million points. The rally also swept through small caps as seen in the 1.62% growth in the equal-weighted index.

Shares in banking, auto and investment categories were the losers of the Saturday's session while almost all other share indices rose.

The number of ticker symbols that experienced price growth were 354 -- accounting for about 72% of total active tickers at the TSE and the junior equity market Iran Fara Bourse, eghtesadnews website reported.

Trade value was 227 trillion rials ($908 million). However, trade by retail investors increased 10% to reach 192.9 trillion rials.

TSE Trade

About 18.37 billion shares valued at 166.55 trillion rials ($666.2m) changed hands at TSE for the day. Trading at TSE and over-the-counter Iran Fara Bourse starts on Saturday and ends Wednesday.

Iran Tire Company was the biggest winner as its shares went up 8.52% to 162,600 rials per share. Radiator Iran manufacturing Company incurred the biggest loss among all TSE-listed companies and went down 4.8% to 38,280 rials per share.

Iran Khodro Company contributed the most to the benchmark's fall, followed by SAIPA automaker, Bank Saderat Iran and Mellat Bank.

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

IFX Up 2.19%

Iran Fara Bourse main index IFX gained 371.96 points or 2.19% to close Saturday trade at 17,322.95. About 3.64 billion securities valued at 58.8 trillion rials ($235.2m) were traded at the junior exchange for the day.

Mahtaab Kahnouj Power Generation Company had the highest number of traded shares as 472.12 million of its shares worth 1.46 trillion rials ($5.87m) were traded.

Iran Fara Bourse, Iran Cultural Heritage and Tourism Investment Group Company, Melal Credit Institution and Vitana Company had the most negative impact on IFX.

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