Tehran Stocks Edge Up 0.3%

EghtesadOnline: Benchmark of the Tehran Stock Exchange gained 1,166.43 points to 309,643.6 on Tuesday to send TEDPIX 0.38% higher for the day.

News ID: ۷۸۵۰۷۳

27 November 2019

Almost 3.42 billion shares worth 16.85 trillion rials ($140.4 million) changed hands for the day.

Growth in the equal-weighted index was higher at around 1%, indicating that the deals were centered on shares of SMEs.

The index is a type of weighting that gives the same weight, or importance, to each stock and the smallest companies are given equal weight as the largest ones, according to Financial Tribune.

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

Iran Darou Company was the biggest winner as its shares went up 10.19% to 7,053 rials per share.

Shahroud Sugar Company incurred the biggest loss among all TSE-listed companies and went down 4.75% to 17,092 rials per share.

Pars Petrochemical Company contributed the most to the benchmark's fall, followed by Kharg Petrochemical Company, Tehran Oil Refining Company, Esfahan Oil Refining Company and Persian Gulf Petrochemical Industries Company.

Bank Mellat gave the biggest boost to the benchmark index, followed by Abidi Pharmaceutical Company, National Iranian Copper Industries Company and Bank Parsian.

The Price Index gained 312.54 points, or 0.38% to close at 82,953.5.

First Market Index increased by 909.83 points, or 0.41% to post 222,510.8. Second Market Index increased by 2,096.36 points, or 0.33% to reach 641,119.4.

The Industry Index increased by 655.08 points or 0.24% to register 276,623.1. Free Float Index was up 1,857.00 points to hit 362,088.94.

TSE 30 increased by 24.58 points to settle at 13,097.5 and the TSE 50 ended 5.95 points higher to finish at 11,910.0.

IFX Up 1.15%

Iran Fara Bourse main index IFX gained 45.82 points or 1.15% to close Tuesday trade at 4,044.93.

About 2.43 billion securities valued at 16.54 trillion rials ($137.89 million) were traded at the over-the-counter exchange for the day.

Iran Office Machines Industries Company, Atieh Dadeh Pardaz and Lavan Oil Refining Company had the most negative impact on IFX.

Jahrom Power Plant Development Company gave the biggest boost to IFX, followed by Kowsar Insurance Company, Damavand Power Generation Company and Hormozgan Steel Company.