Economy, Business And Markets

TEDPIX Plummets 1.5% in Weekly Trade

TEDPIX Plummets 1.5% in Weekly TradeTEDPIX Plummets 1.5% in Weekly Trade

Tehran Stock Exchange’s overall index retreated 1,012 points or 1.5% during the week that ended August 26 amid the bearish sentiment prevailing in the equity market.

According to TSE data, the First Market Index lost 765 points or 1.66% to close at 45,451.8.

The Second Market Index shed 1,900 points or 1.36% to 137,587. The Free Float Index dropped 1,354 points or 1.84% to 72,234.8.

The Financial Index plunged 2,279 points or 1.66% to 134,892.1. The Industry Index fell 823 points or 1.53% to 52,961.5. The Price Index slipped 465.5 points or 1.8% to 25,381.5. The TSE 30 Index dipped 37 points or 1.29% to 2,837.4 and the TSE 50 Index was down 42 points or 1.56% to settle at 2,632.

More than 2.87 billion shares changed hands in a red trading week valued at $184 million to post around a 23% and 19% increase in trade volume and value respectively. However, the number of transactions and investors declined by 7.7% and 0.7% respectively.

Most of the 41 industries listed at TSE failed to boost the benchmark. Sugar, tannery, computer and related services and telecommunications sectors were the only weekly gainers at TSE.