Stocks Close Near Flatline

EghtesadOnline: After heavy losses a session earlier, most indicators at Tehran's share market closed slightly above the flatline on Sunday, thanks to institutional traders' tilt on the buy side.

News ID: ۷۵۱۷۷۱

04 January 2021

Both the market cap-weighted index of the Tehran Stock Exchange, TEDPIX, and the equal-weighted index gained 0.1%. TEDPIX, the TSE's main gauge, gained 1,328 points to end trading at 1,355,475.

About 9.72 billion shares valued at 109.08 trillion rials ($419.54 million) changed hands at TSE. The Social Security Investment Company contributed the most to the benchmark's fall, followed by Esfahan Oil Refining Company, Islamic Republic of Iran Shipping Lines Company and Bandar Abbas Oil Refining Company.

Nouri Petrochemical Company gave the biggest boost to the benchmark index, followed by Tamin Petroleum and Petrochemical Investment Company, Parsian Bank and Mapna Group.

IFX Up 0.46%

Iran Fara Bourse main index, IFX, gained 87.71 points or 0.46% to close Sunday trade at 19,310.55. About 2.84 billion securities valued at 58.38 trillion rials ($224.56m) were traded at the junior exchange for the day.

Minoo Industrial Group Company, Kowsar Insurance Company, Iran Cultural Heritage and Tourism Investment Group Company and Marun Petrochemical Company 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 Melal Credit Institution.

Caption: TEDPIX, the TSE's main gauge, gained 1,328 points to end trading at 1,355,475.