Tehran Stocks Bullish

EghtesadOnline: Almost all stock categories gained on Tuesday as the share market in Tehran extended a long winning streak with investors still showing interest in shares of small companies.

News ID: ۷۸۶۸۸۵

25 August 2021

The main gauge of Tehran Stock Exchange, TEDPIX, gained 27,553.42 points or 1.82% for the day to end trading at 1,543,476.

TSE’s equal-weighted index eked out a rarely seen gain and climbed 2.5% on Tuesday to record the biggest daily gain in six months. Unlike the market cap-weighted TEDPIX, the latter index gives the same weight to all shares.

Net capital inflow by retail investors stood at 3.18 trillion rials ($1.8 million), a reasonably positive development given that the market had experienced capital outflows by retail traders in the past eight sessions, according to the Persian-language economic website Eqtesad News.

About 11.5 billion shares valued at 96.42 trillion rials ($370.86 m) changed hands at TSE for the day.

Omid Construction And Development Company was the biggest winner as its shares went up 6.84% to 1,952 rials per share.

Petrochemical Transport Engineering Company incurred the biggest loss among all TSE-listed companies and went down 31.84% to 36,030 rials per share.

Nouri Petrochemical Company contributed the most to the benchmark's fall, followed by Omid Investment Management Group Company, Iranian Investment Petrochemical Group Company and Petrochemical Transport Engineering Company.

Mobarakeh Steel Company gave the biggest boost to the benchmark index followed by Pars Petrochemical Company, National Iranian Copper Industries Company and Mellat Bank.

IFB Up 1.5%

Iran Fara Bourse main index, IFX, gained 322.92 points or 1.47% to close Tuesday trade at 22,220.44. About 3.63 billion shares and securities valued at 50.43 trillion rials ($193.96m) were traded at the junior exchange for the day.

Day Bank had the highest number of traded shares as 1.08 billion of its shares worth 1.26 trillion rials ($4.86m) were traded.

Gohar Zamin Iron Ore Company, Saman Insurance Company, Arfa Iron and Steel Company and Alvand Maskan Investment Company had the most negative impact on IFX.

Zagros Petrochemical Company gave the biggest boost to IFX, followed by Esfahan Steel Company, Marun Petrochemical Company and Hormozgan Steel Company.