Tehran Stocks Close 1% Lower

EghtesadOnline: A correction phase that started Sunday deepened on Tuesday as sell-side pressure mounted across a broad range of small and large caps.

News ID: ۷۸۶۹۸۱

08 September 2021

The benchmark of Tehran Stock Exchange, TEDPIX, shed 15,397.15 points or 1% to end trade at 1,523,086. Bigger losses were logged for blue chips as indicated in the 1.53% decline in TSE-30 Index, which tracks the performance of top 30 companies in terms of marker cap.

Sell-off also swept through penny stocks dragging down the TSE’s equal-weighted index by 0.9%.

Prices of 345 tickers declined on Tuesday, accounting for 71% of the total active tickers. Market data indicate net capital outflow by retail investors worth 2.7 trillion rials ($10 million).

About 9.91 billion shares valued at 80.32 trillion rials ($297.5 million) changed hands at TSE for the day.

Loghman Pharmaceutical and Hygienic Company was the biggest winner as its shares went up 5% to 46,420 rials per share.

Iran Tractor Manufacturing Company incurred the biggest loss among all TSE-listed companies and went down 4.99% to 31,040 rials per share.

Mobarakeh Steel Company contributed the most to the benchmark's fall, followed by National Iranian Copper Industries Company, Chadormalu Mining And Industrial Company and Parsian Oil and Gas Development Group Company.

Middle East Mines and Mineral Industries Development Holding Company gave the biggest boost to the benchmark index followed by Golgohar Mining and Industrial Company, Sepahan Oil Company and Informatics Services Corporation.

IFX Down 0.4%

Iran Fara Bourse main index, IFX, lost 99.31 points or 0.44% to close Tuesday trade at 22,665.66.

About 3.78 billion shares and securities worth 137.3 trillion rials ($508.53m) were traded at the junior exchange for the day.

Arya Sasol Polymer Company, Esfahan Steel Company, Hormozgan Steel Company and Iran Fara Bourse had the most negative impact on IFX.

Pasargad Insurance Company gave the biggest boost to IFX, followed by Saba Tamin Investment Company, Iran Office Machines Industries Company and Lavan Oil Refining Company.