TEDPIX Sinks Below Support Level

Tehran Stock Exchange’s main index shed 604.50 points or 0.75% to end Tuesday trade at 79,659.2.

Financial Tribune- Tehran Stock Exchange’s main index shed 604.50 points or 0.75% to end Tuesday trade at 79,659.2.

More than 729 million shares valued at $55.9 million changed hands for the day.

Iranian Leasing Company incurred the biggest loss among all TSE-listed companies, as it went down 4.75% to 1,503 rials per share.

Hormozgan Cement Company was the biggest riser, going up 5.33% to 4,666 rials per share.

Golgohar Mining and Industrial Company weighed the most on TEDPIX, followed by Esfahan Oil Refining Company and Chadormalu Mining and Industrial Company.

Fanavaran Petrochemical Company gave the biggest boost to the benchmark, followed by Behshahr Industries Development Company and Bama Mining and Industrial Company.

The Price Index was down 213.40 points or 0.75% to stand at 28,127.8.

The First Market Index shed 480.30 points or 0.85% to reach 56,035.5.

The Second Market Index lost 994.30 points or 0.57% to register 172,451.7.

The Industry Index gave up 570.40 points or 0.85% to post 66,711.2.

The Free Float Index dropped by 693.61 points or 0.78% to hit 88,688.60.

The TSE 30 Index fell by 30.70 points or 0.94% to settle at 3,233.8 while the TSE 50 Index slipped by 25.20 points or 0.80% to finish at 3,137.2.

Iran Fara Bourse’s main index IFX gained 4.15 points or 0.38% to end Tuesday trade at 841.37.

Over 213 million securities valued at $33.4 million were traded at the over-the-counter exchange for the day.

Rail Pardaz Seir Company saw the highest number of traded shares, as 14.3 million of its shares changed hands.

Zagros Petrochemical Company recorded the highest trade value, as $2.6 worth of its shares were traded.

Mavad Vizhe Lia Company, Iranian Investment Incorporation Company and Minoo Shargh Food Industries Company registered the highest value increase.

Chaharmahal Sugar Company, Pegah Fars Dairy Company and Atieh Dadeh Pardaz Company reported the highest decline.

Marun Petrochemical Company, Zagros Petrochemical Company and Damavand Power Generation Company had the most positive impact on the IFB benchmark.

Financial Tribune
Publish Date: Nov 2, 2016