Stocks Build on Strong Gains

Tehran Stock Exchange’s main index gained 116.40 points or 0.14% to end Sunday trade at 81,194.0.

Financial Tribune- Tehran Stock Exchange’s main index gained 116.40 points or 0.14% to end Sunday trade at 81,194.0.

The uptick came a day after the benchmark shot up 0.91% or 733.40 points to close Saturday trade at a six-month high of 81,077.6 after it was announced that President Hassan Rouhani won the May 19 reelection.

More than 792 million shares valued at $71.2 million changed hands for the day.

Amir Kabir Kashan Steel Company was the biggest riser, going up 5.23% to 10,750 rials per share.

Shahid Bahonar Copper Industries Company incurred the biggest loss among all TSE-listed companies, as it went down 4.81% to 3,724 rials per share.

Islamic Republic of Iran Shipping Lines gave the biggest boost to the benchmark, followed by Mobarakeh Steel Company and Iran Mobile Communications Company.

Isfahan Oil Refining Company weighed the most on TEDPIX, followed by Iran Khodro and SAIPA.

The Price Index won 39.90 points or 0.14% to stand at 27,817.9.

The First Market Index added 27.20 points or 0.05% to post 56,185.2.

The Second Market Index scored 566.70 points or 0.31% to reach 180,875.7.

The Industry Index gained 101.90 points or 0.15% to register 69,722.9.

The Free Float Index rose by 102.06 points or 0.12% to hit 88,695.60. The TSE 30 was up 3.80 points or 0.12% to settle at 3,154.7 while the TSE 50 Index gained 7.10 points or 0.23% to finish at 3,146.7.

Iran Fara Bourse’s main index IFX declined 0.22 points or 0.02% to end Sunday trade at 926.96.

On Saturday, the IFX gained 11.74 points or 1.28% to reach the all-time high of 927.31.

Close to 189.4 million securities valued at $40.7 million were traded at the over-the-counter exchange for the day.

Esfahan Steel Company saw the highest number of traded shares, as 32 million of its shares changed hands.

Zagros Petrochemical Company posted the highest trade value, with the trading of shares worth $2.5 million.

Pakdis, Alvand Housing Investment Company and Afranet suffered the biggest decline.

Zagros Petrochemical Company, Ballast Company and Tuka Rail registered the highest value increase.

Marun Petrochemical Company, Lavan Oil Refining Company and Esfahan Steel Company had the most negative influence on the IFB benchmark.

Financial Tribune
Publish Date: May 22, 2017