Stocks Slightly Higher

EghtesadOnline: Sell-side pressure continued to take a toll on Tehran stock market on Sunday after reporting gains a session earlier.

News ID: ۷۸۷۱۰۳

04 October 2021

The benchmark of Tehran Stock Exchange, TEDPIX gained 3,213.65 points or 0.22% to end trading at 1,476,689.26.

The TSE’s equal-weighted index closed in negative territory and lost more than 0.5%. The index better reflects the performance of small caps.

Net capital outflow by retail traders amounted to 5.6 trillion rials ($20 million) on Sunday, resulting mainly from sell-off in commodity stocks.

About 8.62 billion shares worth 71.32 trillion rials ($264m) changed hands at TSE for the day. Zar Macaron Industrial Group Company was the biggest winner as its shares went up 12.54% to 12,650 rials per share.

Sina Chemical Industries Company incurred the biggest loss among all TSE-listed companies and went down 4.88% to 100,760 rials per share.

National Iranian Copper Industries Company contributed the most to the benchmark's fall, followed by Mobarakeh Steel Company, Esfahan Oil Refining Company and Tehran Oil Refining Company.

Persian Gulf Petrochemical Industries Company gave the biggest boost to the benchmark index followed by Tamin Petroleum and Petrochemical Investment Company, Mines and Metals Development Investment Company and Parsian Oil and Gas Development Group Company.

IFB Almost Flat

Iran Fara Bourse main index, IFX, closed a little above the flatline and gained 18.53 points or 0.09% to close Sunday trade at 21,320.17.

About 3.35 billion securities valued at 92.87 trillion rials ($343.9m) were traded at the junior exchange for the day.

Day Bank had the highest number of traded shares as 919.15 million of its shares worth 959.48 billion rials ($3.55m) were traded.

Shahid Tondgooyan Petrochemical Company, Arya Sasol Polymer Company, Hormozgan Steel Company and Saba Tamin Investment Company had the most negative impact on IFX.

Pasargad Insurance Company gave the biggest boost to IFX, followed by Zagros Petrochemical Company, Lavan Oil Refining Company and Iranol Oil Company.