Tehran Stocks Extend Winning Streak

EghtesadOnline: Tehran stocks extended a winning streak into the fifth session on Monday as demand outweighed supply for both small and large cap stocks.

News ID: ۷۸۶۸۳۷

10 August 2021

The market-cap weighted index of Tehran Stock Exchange, TEDPIX, gained 15,314.32 points or 1.08% to strengthen above the critical 1.4 million points, closing the session at 1,433,175.

The uptrend continued for small caps as the TSE’s equal weighted index gained more than 1.2%.

At the close of the day, prices of 342 tickers increased, representing 70% of the total tickers. That included 242 tickers of the TSE and 100 in the junior equity market Iran Fara Bourse, according to the Eqtesad News website.

Retail trade rose 12% to reach 77.1 trillion rials ($300 million), indicating the high and rising contribution of retail investors.

About 9.88 billion shares valued at 67.15 trillion rials ($268.6 million) changed hands at TSE for the day. Mellat Insurance Company was the biggest winner as its shares went up 15.97% to 1,351 rials per share.

Fars Cement Company incurred the biggest loss among all TSE-listed companies and went down 4.49% to 92,390 rials per share.

Chadormalu Mining and Industrial Company contributed the most to the benchmark's fall, followed by Golgohar Mining and Industrial Company, Omid Investment Management Group Company and Opal Kani Pars Mining and Processing Company.

Mobarakeh Steel Company gave the biggest boost to the benchmark index followed by Pars Petrochemical Company, Persian Gulf Petrochemical Industries Company and Khouzestan Steel Company.

IFX Up 0.7%

Iran Fara Bourse main index, IFX, gained 140.76 points or 0.69% to close Monday trade at 20,449. About 3.86 billion shares and securities valued at 180.4 trillion rials ($721.62m) were traded at the junior exchange for the day.

Day Bank had the highest number of traded shares as 967.5 million of its shares worth 1.06 trillion rials ($4.25 million) were traded.

Sanati Doodeh Fam Company was the biggest IFB winner as its stocks rose 10.26% to reach 49,800 rials per share.

Gohar Zamin Iron Ore Company, Kowsar Insurance Company, Day Bank and Saba Tamin Investment Company had the most negative impact on IFX.

Hormozgan Steel Company gave the biggest boost to IFX, followed by Marun Petrochemical Company, Iran Fara Bourse and Shiraz Oil Refining Company.