Tehran Stocks Bounce Back

EghtesadOnline: Tehran stocks recovered from losses in the past two sessions making a comeback on Sunday amid price surge in most stock categories.

News ID: ۷۸۶۶۴۹

12 July 2021

The benchmark of Tehran Stock Exchange, TEDPIX, most of the previous losses to gain 14,538.59 points climbing 1.14%. It closed the trading session at 1,285,282.

While the rally swept through both large and small cap shares, the latter outperformed as seen in most of the recent sessions.

The TSE’s equal-weighted index was up 1.3%. It gives the same weight to all shares irrespective of their market cap.  Except for a setback in stocks of some investment, telecom and metal companies, most other groups surged.

At the close on Sunday, 332 tickers rose accounting for 70% of total tickers. Value of trade by retail investors jumped 13.3% compared to the session before to reach 63.74 trillion rials ($265 million)

About 7.42 billion shares valued at 53.91 trillion rials ($215.6m) changed hands at TSE for the day. Calcimine Company was the biggest winner as its shares went up 6.8% to 15,860 rials per share.

Neyriz White Cement Company incurred the biggest loss among all TSE-listed companies and went down 10% to 173,450 rials per share.

Social Security Investment Company contributed the most to the benchmark's fall, followed by Hamedan Province Investment Company, Khorasan Razavi Province Saham Edalat Investment Company and Chadormalu Mining And Industrial Company.

Mobarakeh Steel Company gave the biggest boost to the benchmark index, followed by National Iranian Copper Industries Company, Golgohar Mining and Industrial Company and Pardis Petrochemical Company.

IFB Up 1%

Iran Fara Bourse main index, IFX, gained 192.72 points or 1.05% to close Sunday trade at 18,619.11. About 3.01 billion securities valued at 238.77 trillion rials ($955m) were traded at the junior exchange for the day.

Kerman Province Development Investment Company had the highest number of traded shares as 700.15 million of its shares worth 984.25 billion rials ($3.93m) were traded.

Zagros Petrochemical Company, Minoo Industrial Group Company, Damavand Power Generation Company and Gilan Electric Power Development Company had the most negative impact on IFX.

Marun Petrochemical Company gave the biggest boost to IFX, followed by Gohar Zamin Iron Ore Company, Esfahan Steel Company and Shahid Tondgooyan Petrochemical Company.