Tehran Stock Market Buoyant

EghtesadOnline: Tehran stocks closed Monday in upbeat mode buoyed by fresh reports that the government has mobilized its energy to lift the struggling market.

News ID: ۷۸۷۴۶۸

21 December 2021

The benchmark of Tehran Stock Exchange, TEDPIX, gained 9,841.28 points or 0.76% to end trade at 1,301,516.81.

Stocks of big listed companies improved following reports about 10 supportive measures unveiled by the government late on Sunday. The forward momentum was seen in the 1.17% rise in the TSE-30 Index, which tracks the performance of top 30 companies in terms of market cap.

However, penny stocks and small caps lagged behind as the TSE’s equal-weighted index barely gained 0.1%.

A total of 239 tickers closed in positive territory on Monday, representing about half the total active tickers.

Value of trade by retail investors rose 15% on the previous session to reach 33.99 trillion rials ($118 million).  About 5.10 billion shares valued at 36.3 trillion rials ($129.6 million) changed hands at TSE on Monday.

Mellat Bank was the biggest winner as its shares went up 4.99% to 2,822 rials per share.

Nasir Machine Engineering Company incurred the biggest loss among all TSE-listed companies and went down 5% to 15,020 rials per share.

Iran Mercantile Exchange contributed the most to the benchmark's fall, followed by Barakat Pharmaceuticals Group Company, Iran Khodro Company and Karafarin Bank.

Mobarakeh Steel Company gave the biggest boost to the benchmark index followed by Parsian Oil and Gas Development Group Company, Persian Gulf Petrochemical Industries Company and Mellat Bank.

IFX Flat

The main index of Iran Fara Bourse, IFX, closed slightly below the flatline and shed 9.1 points or 0.05% to end Monday trade at 18,439.93.

About 2.98 billion securities worth 1,217.13 trillion rials ($4.34 billion) were traded at the junior exchange for the day.

Zagros Petrochemical Company, Iran Cultural Heritage and Tourism Investment Group Company, Maadiran Industries Company and Damavand Power Generation Company had the most negative impact on IFX.

Shahid Tondgooyan Petrochemical Company gave the biggest boost to IFX, followed by Takhte Jamshid Petrochemical Industries Company, Gohar Zamin Iron Ore Company and Iran Fara Bourse.