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Code: 51835 Visited: 71 Publish Date: Sep 22 2018 - 3:03
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IME
Markets Finished Summer Glamorously
Tehran, Sep.22 (SENA) - The last day in summer of the Iranian year (started March 20) followed the positive trend of the markets with TEDPIX, the main benchmark of Tehran Stock Exchange, surging 2,600 points in just the first 40 minutes, breaking above 160k level. Last week, to the settlements of credit trading at the end of each month, the markets were just slightly positive.

Tehran, Sep.22 (SENA) - The last day in summer of the Iranian year (started March 20) followed the positive trend of the markets with TEDPIX, the main benchmark of Tehran Stock Exchange, surging 2,600 points in just the first 40 minutes, breaking above 160k level. Last week, to the settlements of credit trading at the end of each month, the markets were just slightly positive.

The indices are showing that small-cap companies are growing as fast as large caps. Transportation industry was the most demanded, while the refineries and petrochemicals were the biggest gainers. Meli Mes Co., followed by Mobarkeh Steel Company have been the biggest contributors to TEDPIX’s growth. Telecommunication Company of Iran with 90 billion shares has been the most demanded ticker symbol.

Moreover, the majority of base metal and petrochemical companies are affected by the higher global prices. The trade war between the US and China along with lower global inventories pushed the prices of copper to $6,363, lead to $2,039 and aluminum to $2,091.

 

 
By: Security and Exchange News Agency (SENA)
 
 
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