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Tehran Stocks Down 1.5%

Oct 5, 2020, 12:34 PM
News ID: 33723
Tehran Stocks Down 1.5%

EghtesadOnline: Share prices in Tehran were choppy Sunday but sell-side pressure prevailed further pulling down demand. The main index of Tehran Stock Exchange, TEDPIX, closed in red losing 23,173 points or 1.5% to finish at 1,522,980 points.

The equal weighted index, which gives the same weight to all shares irrespective of their market cap, was down 0.5%. 

Despite decline in shares of many listed companies, the value of trade in both TSE and the junior equity market rose 64% compared with Saturday to reach 170.7 trillion rials ($600 million). 

Trade conducted by retail investors reached 130.18 trillion rial ($464m), indicating 49% growth, according to eghtesadnews.

Share prices of 324 listed companies at both the TSE and IFB representing 68% of the total.  The market also witnessed capital outflow by nervous investors to the tune of 15.9 trillion rials ($56m) – a dramatic increase of 344% compared to the earlier session. 

Shares in bank, auto and refinery companies were the top performers while most metal, mineral and petrochemical shares performed poorly.  

 

TSE Trade 

Almost 14.231 billion shares valued at 157.052 trillion rials ($560m) changed hands at TSE for the day.

Hafez Ceramic & Tile Manufacturing Company, Parsian Bank were the biggest winners as their shares went up 5% to respectively 18,480 rials and 3,780 rials per share.

Iran Industrial Development Investment Company incurred the biggest loss among all TSE-listed companies plunging 9.47% to 13,770 rials per share.

Persian Gulf Petrochemical Industries Company contributed the most to the benchmark's fall, followed by Mobarakeh Steel Company, Tamin Petroleum & Petrochemical Investment Co, SNational Iranian Copper Industry Co, and Golgohar Mining and Industrial Company.

Iran Khodro Company gave the biggest boost to the benchmark index, followed by Isfahan Oil Refinery Company, Tejarat Bank, Parsian Bank and Saipa Group.

 

IFX Down 0.67%

Iran Fara Bourse main index, IFX, closed in negative territory giving up 120.74 points or 0.67% to close Sunday trade at 17833.64.

About 2.247 billion securities valued at 40.336 trillion rials were traded at the over-the-counter exchange for the day.

Gohar Zamin Iron Ore Company, Arya Sasol Polymer Company, Shahid Tondgooyan Petrochemical Company and Esfahan Steel Company had the most negative impact on IFX.

Pasargad Insurance gave the biggest boost to IFX, followed by Sepehr Saderat Investment, Esfahan Steel Company and Middle East Mines and Mineral Industries Development Holding Company.