Tehran Stock Market Drops 0.7%

EghtesadOnline: Tehran’s stock market opened trading week Saturday under renewed sell-side pressure. The main index of the Tehran Stock Exchange, TEDPIX, lost 8,192.41 points or 0.7% to end trading at 1,169,724.

News ID: ۷۸۶۱۹۴

07 March 2021

The equal-weighted index closed a little below the flatline to 0.07%. The index gives the same weight to all shares irrespective of their market cap.

Prices of 72% of the tickers dropped including 243 tickers at TSE and 114 at the Iran Fara Bourse, the junior equity exchange.

Saturday also featured net capital outflow for the 15th session in a row. Trade value dropped 37.6% to reach 198 trillion rials ($790 million). About 3.05 billion shares valued at 34.28 trillion rials ($137.15m) changed hands at TSE for the day.

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

Sepahan Oil Company was the biggest winner as its shares went up 5.99% to 15,930 rials per share. Tejarat Bank incurred the biggest loss among all TSE-listed companies and went down 1.98% to 2,470 rials per share.

National Iranian Copper Industries Company contributed the most to the benchmark's fall, followed by the Persian Gulf Petrochemical Industries Company, Mobarakeh Steel Company and Social Security Investment Company.

Barakat Pharmaceuticals Group Company gave the biggest boost to the benchmark index followed by Iran Alloy Steel Company, Sepahan Oil Company and Behran Oil Company.

Iran Fara Bourse main index IFX lost 79.28 points or 0.47% to close Saturday trade at 16,905.04. About 1.06 billion securities valued at 163.7 trillion rials ($654m) were traded at the junior exchange for the day.

Jahrom Power Plant Development Company had the highest number of traded shares as 85.31 million of its shares worth 254.46 billion rials ($1.01m) were traded.

Pasargad Insurance Company, Middle East Mines and Mineral Industries Development Holding Company, Arya Sasol Polymer Company and Minoo Industrial Group Company had the most negative impact on IFX.

Rayan Ham-Afza Company gave the biggest boost to IFX followed by Zagros Petrochemical Company, Gilan Electric Power Development Company and Iranol Oil Company.