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Stocks Resume Decline

Sep 22, 2021, 2:14 PM
News ID: 35759

EghtesadOnline: After a short-lived rally Tehran stocks on Tuesday resumed a declining trend that has been in place for ten days amid a fresh wave of panic selling.

The main index of Tehran Stock Exchange, TEDPIX, shed 36,553.86 points and lost a further 2.56%, giving away the psychological support level of 1.4 million points to finish trade at 1,391,219.

Net capital outflow by retail investors continued for five sessions in a row, reaching 12.46 trillion rials ($46 million) on Tuesday, four times higher than the session before. This put total liquidity outflow in the past five sessions at 32.9 trillion rials ($121m) in the past session.

Prices of 89% of the shares declined comprising 443 tickers.  About 6.78 billion shares worth 55.37 trillion rials ($205m) changed hands at TSE for the day.

Arian Kimia Tak Company was the biggest winner as its shares went up 4.98% to 35,620 rials per share.

Kaveh Paper Industries Company incurred the biggest loss among all TSE-listed companies and went down 4.9% to 14,760 rials per share.

Mobarakeh Steel Company contributed the most to the benchmark's fall, followed by Social Security Investment Company, Golgohar Mining and Industrial Company and Chadormalu Mining And Industrial Company.

Sabzevar Pars Steel Complex gave the biggest boost to the benchmark index followed by Arian Kimia Tak Company, Amin Investment Bank and Middle East Mines and Mineral Industries Development Holding Company.

IFX Down 2.1%

Iran Fara Bourse main index, IFX, lost 442.4 points or 2.09% to close Tuesday trade at 20,723.84.

About 4.3 billion shares and securities valued at 177.16 trillion rials ($656.6m) were traded at the junior exchange for the day.

Sirjan Jahan Steel Complex had the highest number of traded shares as 1.19 billion of its shares worth 8.75 trillion rials ($32.41m) were traded.

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

Iran Fara Bourse gave the biggest boost to IFX, followed by Sepehr Saderat Financial Group Investment Company, Sirjan Jahan Steel Complex and MAPNA Asaluyeh Power Generation Company.

 

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