Tehran Stock Exchange announced the following index changes as a result of the quarterly TEDFIX 30 Index revision. These changes have been effective since the market's opening on December 24, 2011.
The TEDFIX 30 is a total return index weighted by free-float market capitalization that measures the performance of 30 most traded stocks listed on Tehran Stock Exchange (TSE).
In this revision, Pasargad Bank and Ansar Bank were added to and North Drilling Co. and National Investment Company of Iran were removed from the index.
Index components are selected according to the market capitalization and liquidity criteria. Thus, 100 large cap companies are listed on descending basis, and 30 companies mee ng the following requirements:
1. It is at least 3 months since they have been listed and traded at TSE.
2. Their monthly value traded in the last 6 months ended the revision date exceeds 25% of average monthly value traded of 100 large companies in this period.
3. Free floats share is at least 10%.
Quarterly Index Reviews are designed to ensure that the indices continue to be an accurate reflection of the evolving equity marketplace. Free floats used in calcula on of TEDFIX 30 are revised quarterly on the third Wednesday of the last month of every quarter. The index is calculated as a total return index (price and dividend). The base date for TEFIX 30 is 23/8/2010 and the base level is 1000.
The following table indicates the companies listed in this index in the third quarter of the Iranian year 1390.
Iran Telecommunications National Copper Industries Isfahan Mobarakeh Steel Pasargad Bank Ghadir Investment Gol-E-Gohar Iron Ore Chadormalu Mineral & Ind. Bank Parsian Bank Mellat Tejarat Bank EN Bank Calcimine Saderat Bank MAPNA Saipa Civil Pension Fund Investment Iran Khodro Industrial Group Khouzestan Steel Khark Petrochemical Esfahan Oil Refining Mines & Metals Development Investment Ansar Bank Karafarin Bank Sina Bank Fanavaran Petrochemical Bahman Group Behshahr Industrial Development Behran Oil Saipa Investment Tose-e Melli Group Investment |
Companies listing and delisting in TEFIX 30 do not in any way reflect an opinion on the investment merits.