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Tehran Stocks Gain 140% Since March 2019

Tehran Stocks Gain 140% Since March 2019
Tehran Stocks Gain 140% Since March 2019

Tehran Stock Exchange benchmark, TEDPIX, rose from 178,659 points at the beginning of the Iranian fiscal year (ends in March) to reach 427,139 as of January 28, indicating 248,480 points or 139.08% growth during the period.
A total of 889.71 billion shares and securities worth 3,579.49 trillion rials ($26.61 billion) changed hands in the market during the period.
According to data compiled by IBENA, the shares were traded in more than 82.89 million deals conducted in 205 trading days.
The report indicates that more than 77.8 million securities changed hands in 24,651 deals in the debt market, where participatory bonds, certificates of deposit and Islamic Sukuk securities are traded.
The value of securities traded in the debt market stood at 75.32 trillion rials ($560 million).
In the derivatives market, where financial instruments like futures contracts are traded, 1.77 trillion rials ($13.2 million) worth of contracts were traded in 106,604 deals.
The number of contracts traded in the derivatives market was 216.05 million.
Investors bought more than 24.33 billion units of exchange-traded funds valued at 254.05 trillion rials ($1.88 billion). The traded ETF units changed hands in more than 762,231 deals.
ETF is a basket of securities traded on an exchange similar to stocks. A basket of shares represents an ETF unit. Presently, there are 42 ETFs operating in the capital market.
ETFs hold multiple underlying assets, rather than only one. An ETF can own hundreds or thousands of stocks across various industries or could focus on one particular industry or sector.

 

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