Business And Markets

TEDPIX Logs 2.24% Weekly Growth

TEDPIX Logs 2.24%  Weekly Growth
TEDPIX Logs 2.24%  Weekly Growth

Tehran’s share market wrapped up the week on Wednesday up almost 2.24%. 
Tehran Stock Exchange main index, TEDPIX, gained nearly 37,000 points or 2.24% in the week to end at 1,689,144.1. Trading at TSE starts on Saturday and ends Wednesday.
The TSE’s equal-weighted index was up 22,000 points or 4.36% during the week. Iran Fara Bourse's main index, IFX, added 474 points or 2.25% in the week.
Market reviews show that small and medium-sized companies were more appealing to stock investors. 
Retail trade decreased compared with the preceding week, which could be because of the market’s closure on Sunday to curb natural gas consumption. Most state and government offices were also affected after the government announced the emergency plan to save gas as the weatherman forecast lower temperatures across the country. 
However, data showed that average daily retail trade was also lower than the week before. Total retail trade during four trading sessions last week amounted to 380 trillion rials ($935.9 million).  
Average daily retail trade jumped 59% last week, from 52 trillion rials ($128 million) to 82.86 trillion rials ($204 million) and net capital inflow by retail investors amounted to 7.84 trillion rials ($19.4 million).


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