Tehran Stocks Close in Positive Territory

EghtesadOnline: The Tehran Stock Exchange was about 500 points shy of the psychological level of 400,000 points at the end of trades on Wednesday.

News ID: ۷۸۵۲۷۶

18 January 2020

The main index TEDPIX gained 3,533.25 points, or 0.89%, on Wednesday to end trading week at 399,445.3.

About 6.24 billion shares valued at 34.74 trillion rials ($267.29 million) changed hands at TSE for the day. Trading at TSE and over-the-counter Iran Fara Bourse starts on Saturday and ends Wednesday, Financial Tribune reported.

Iran Casting Industries Company was the biggest winner as its shares went up 5% to 3,066 rials per share.

Hegmatan Cement Company incurred the biggest loss among all TSE-listed companies and went down 4.76% to 15,160 rials per share.

Bandar Abbas Oil Refining Company contributed the most to the benchmark's fall, followed by Mobarakeh Steel Company, Chadormalu Mining and Industrial Company and Tehran Oil Refining Company.

Telecommunication Company of Iran gave the biggest boost to the benchmark index, followed by Bank Mellat, National Iranian Copper Industries Company and Nouri Petrochemical Company.

IFX Up 0.32%

Iran Fara Bourse main index IFX gained 16.05 points, or 0.32%, to close Wednesday trade at 5,110.91.

About 1.89 billion securities valued at 14.43 trillion rials ($111.05 million) were traded at the over-the-counter exchange for the day.

Marun Petrochemical Company, Jahrom Power Plant Development Company, Zagros Petrochemical Company and Kowsar Insurance Company had the most negative impact on IFX.

Arfa Iron and steel Company gave the biggest boost to IFX, followed by Iran Office Machines Industries Company, Kerman Development and Investment Company and Middle East Mines and Mineral Industries Development Holding Company.