Economy, Business And Markets

Little Joy in Equity Market

Little Joy in Equity MarketLittle Joy in Equity Market

Tehran Stock Exchange’s benchmark staged further retreat during the week that ended October 28 with TEDPIX shedding 251 points or 0.40% compared to the previous trading week to settle at 62,924.

According to TSE data, the First Market Index pulled back 183 points or 0.42% to close at 43,870 and the Second Market Index retreated 509 points or 0.37% to reach 138,573.

More than 920 billion shares changed hands in 88,000 transactions valued at $50.4 million. Trade volume and value posted a 68.6% and 66.4% decline. The number of transactions also dropped 68.6%.

More than 3.8 million participation bonds valued at $113.2 million were sold to record a 297.8% and 296.6% surge in trade volume and value respectively.

The mining sector with 21.37% was the top weekly gainer. Insurance and pension funds with 3.84%, sugar with 3.51%, leather and footwear production with 2.19% and industrial conglomerate companies with 1.69% stood next in line.

  IFX Down

Iran Fara Bourse’s main index IFX inched down 0.6% to settle at 697 during the same week.

More than 573 million securities were traded in 47,000 transactions valued at $125.7 million.

Trade volume and value registered 1% and 23% growth respectively, while IFB’s market cap dropped 0.9%.