Economy, Business And Markets

TEDPIX Gains Momentum

TEDPIX Gains MomentumTEDPIX Gains Momentum

Tehran Stock Exchange’s overall index gained 1,598 points or 2.60% to settle at 63,175 during the Iranian month that ended on October 21.

The First Market Index and the Second Market Index jumped 1,301 points and 2,466 points to stand at 44,053 and 139,082 respectively.

More than 9.2 billion shares changed hands in 638,000 transactions, registering 25.7% and 0.9% decrease in the number of shares and transactions respectively compared to the preceding month.

Monthly trade value reached $471 million to file a 30% drawback.

 Weekly Performance

During the week that ended on October 22, TEDPIX went up 1,202 points or 1.94% to stand at 63,175.

According to TSE data, the First Market Index climbed 964 points or 2.24% to end at 44,053. The Second Market Index gained 1,935 points or 1.41% to reach 193,082.

Close to 2.9 billion shares and rights offerings valued at $150.1 million changed hands. Trade volume and value rose 41.3% and 24.5% respectively compared to the previous week.

More than 966,000 participation bonds worth $28.4 million were sold out to record a dramatic 349.7% and 350.4% surge in trade volume and value respectively.

The leather and footwear production sector with 4.84% was the top weekly gainer followed by sugar and metal production sectors with 4.64% and 4.38% respectively.

 IFX Ends Week Near Flat

Iran Fara Bourse’s main index IFX ticked up 0.1% to settle at 702 during the same week.

More than 569 million securities were traded in 80,000 transactions valued at $101.9 million.

Trade volume and value registered 13% and 36% growth respectively. IFB’s market cap posted a 0.9% growth.