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TEDPIX Slightly Higher

Aug 9, 2021, 12:48 PM
News ID: 35517

EghtesadOnline: Demand for large caps boosted the Tehran stock market on Sunday following a lukewarm session a day earlier. The main index of Tehran Stock Exchange, TEDPIX, gained 10,100 points or 0.72% to end trade at 1,417,863.

As in the previous session, penny stocks outperformed pushing up the TSE’s equal-weighted index by 3,563 points or 0.87%.

Big gainers were agriculture, communication, base metal, cement, food, and mass construction stocks while shares of transportation, auto and machinery companies were the big losers.    

Total value of trade in both the TSE and the junior equity market Iran Fara Bourse increased 22% to reach 104.52 trillion rials ($418 million). However, trade by retail investors declined 15% to 62.9 trillion rials.

The number of tickers that saw price increase was 286, including 198 tickers at TSE and 88 in IFB, representing close to 60% of the market.  

About 7.45 billion shares valued at 55.22 trillion rials ($221m) changed hands at TSE for the day.

Damavand Mining Company was the biggest winner as its shares went up 5% to 268,030 rials per share. Farabi Pharmaceutical Company incurred the biggest loss among all TSE-listed companies falling 4.9% to 17,080 rials per share.

Mines and Metals Development Investment Company contributed the most to the benchmark's fall, followed by Chadormalu Mining And Industrial Company, Parsian Bank and the National Iranian Copper Industries Company.

Mobarakeh Steel Company gave the biggest boost to the benchmark index followed by Persian Gulf Petrochemical Industries Company, Mapna Group and Golgohar Mining and Industrial Company.

 

 

IFX Up 0.3%

Iran Fara Bourse main index, IFX, gained 67.6 points or 0.33% to close Sunday trade at 20,308.62. About 3.26 billion securities valued at 50.8 trillion rials ($203.5m) were traded at the junior exchange for the day.

Day Bank had the highest number of traded shares as 833.22 million of its shares worth 931.34 billion rials ($3.72m) were traded.

Zagros Petrochemical Company, Gohar Zamin Iron Ore Company, Damavand Power Generation Company and Day Bank had the most negative impact on IFX.

Arya Sasol Polymer Company gave the biggest boost to IFX, followed by Iran Fara Bourse, Shiraz Oil Refining Company and Iran Cultural Heritage and Tourism Investment Group Company.