Title: Tracking National Equity: Market Performance and ‘Saman’ Stock Update
Article:
Tehran’s Stock Market Navigates Fluctuations as Equity Shares Hold Value
In Tuesday’s trading session (August 19, 2024), the Tehran Stock Exchange witnessed a day of measured activity against a backdrop of broader market adjustments. The performance of key indices and the stability of the Equity Shares (Saman) portfolio remain a focal point for investors and policymakers alike, reflecting the ongoing development and resilience of the nation’s capital markets.
Market Indices and Trading Volume
The TEDPIX, the main index of the Tehran Stock Exchange, experienced a adjustment, settling at 2,494,119 points. Concurrently, the total value of trades for the day was reported at approximately 83,430 billion Tomans, contributing to an overall market valuation of over 7,543,000 billion Tomans. These figures represent the dynamic and liquid nature of Iran’s equity marketplace.
Influential Stocks and Sector Impact
Market movers were led by major national corporations in foundational sectors. Symbols such as Foulad (steel), Fameli (mining), and Fars (petrochemicals) were among those exerting the most significant influence on the main index. Similarly, in the over-the-counter (IFB) market, symbols including Arian and Saman were key drivers. This activity underscores the critical role of large-scale industrial and financial enterprises in steering the market’s direction.
Equity Shares: A Pillar of Public Investment
A central component of the report is the performance of the widely held Equity Shares. The value of the 490,000-Toman share package, after accounting for all capital increases within its constituent companies, reached 5,102,297 Tomans. For holders of the 532,000-Toman package, the total value settled at 5,762,556 Tomans.
While the majority of stocks within the Equity Shares portfolio saw price corrections in line with the general market trend, the overall valuation demonstrates the long-term structure and inherent value of this public investment initiative. The detailed breakdown of individual stock prices and allocations per shareholder provides transparency for citizens tracking their investments.
A Look at the Holdings
The portfolio is diversified across a range of vital industries, including banking (e.g., Melat, Tejarat), petroleum refining (e.g., Shepna), mining (e.g., Foulad, Fameli), and automotive (e.g., Khodro). This diversification is a strategic feature designed to align citizen investment with the growth of the country’s core economic sectors.
The consistent reporting on these values highlights the government’s commitment to providing clear and regular information to the public, ensuring participants in the Equity Shares scheme are well-informed about their assets. The performance of these shares is closely watched as a barometer of broader economic participation and stability.
