The index gained 15,808 points to close at 1,245,186 points. Despite the upbeat mode in the early hours of trade, sell side pressure increased as the session came to a close.
The market experienced capital outflow by retail investors for the 21st session in a row with the figure reaching 3.75 trillion rials on Sunday -- up 53% compared to the previous session.
Mineral, petrochemical, base metal were top gainers of the day while refineries were hit hard by the sell-off. The total value of deals declined 10.4% to reach 204.4 trillion rials ($816 million) while trade by retail investors climbed 14.4% to 64.6 trillion rials ($257m).
The equal weighted index gained 0.25%. It gives a better picture on the performance of penny stocks as it gives the same weight to all shares.
TEDPIX, gained 15,808.56 points, or 1.29% to end trading at 1,245,186.04. About 9.68 billion shares valued at 75.82 trillion rials ($300m) changed hands at the TSE for the day.
Parsian e-Commerce Company was the biggest winner as its shares went up 5.94% to 7.480 rials per share.
Bandar Abbas Refining Company contributed the most to the benchmark's fall, followed by the Social Security Investment Company, Tehran Oil Refining Company and Telecommunication Company of Iran.
The Persian Gulf Petrochemical Industries gave the biggest boost to the benchmark followed by Gol-Gohar Mining and Industrial Company, Chadormalu Mining and Industrial Company and Iran Khodro Company.
IFB Up 0.4%
Iran Fara Bourse’s main index, IFX gained 73.09 points or 0.4% to end the day at 17,271.5. About 1.577 billion securities valued at 128.48 trillion rials ($512m) were traded at the junior exchange for the day.
Pasargad Insurance Company, Mellal Credit Institution, Dey Bank and Tejarat-Nou Insurance Company had the most negative impact on IFX.
Marun Petrochemical Company gave the biggest boost to IFX, followed by Saba Tamin Investment Company, Middle East Mineral Industries and Mines Development Holding Company and Hormozgan Steel Company.