Tehran Stock Exchange announces the following index changes as a result of the quarterly TEDFIX 30Index review. These changes have been effective at the open on Sunday, September 25, 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 review, Tejarat Bank, Post Bank, Calcimin Co. and Behshahr Industries Investment Group were added to and Saipa Investment Co., Rena Industrial Group Investment Co., Fars & Khuzestan Cement Co. and Civil Pension Fund Investment Co. were deleted 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 in TSE.
2. Their monthly value traded in the last 6 months ended the review date exceeds 25% of average monthly value traded of 100 large companies in this period. (for companies being listed for less than6 months, the period will be 3/4 of the period when the share has been listed).
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 reviewed 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 base is 23/8/2010 and the base level is 1000.
The following table shows the companies listed in this index in the second quarter of 1390.
Index of 30 large companies - Second quarter 1390
- Iran Tele. Co.
- National Copper Ind.Co.
- Chadormalu Mineral & Ind.
- Ghadir Investment Co.
- Isfahan Mobarakeh Steel Co.
- bank Mellat
- Bank Parsian
- Gol-E-Gohar Iron Ore Co.
- MAPNA
- Saipa Co.
- Esfahan Oil Refining Co.
- EN Bank
- Iran Khodro Industrial Group Co.
- Civil Pension Fund Investment Co.
- Mines & Metals Development Investment Co
- Khouzestan Steel Co.
- Khark Petrochemical Co.
- Karafarin Bank
- Iran Transfo Co.
- Tose-e Melli Group Investment Co.
- Bahman Group Co.
- Fanavaran Petrochemical Co
- Saipa Investment Co.
- Behran Oil Co.
- North Drilling Co.
- Shazand Petrochemical Co.
- Fars & Khuzestan Cement Co.
- National Investment Company of Iran Co.
- Tosee Melli Investment Co.
- Rena Industrial Group Investment Co.
Company addi ons to and dele ons from an TEFIX 30 index do not in any way reflect an opinion onthe investment merits of the company.