Economy, Business And Markets

TEDPIX Hovering Around 63,000

TEDPIX Hovering Around 63,000TEDPIX Hovering Around 63,000

Tehran Stock Exchange’s benchmark gained 129 points or 0.21% during the week that ended November 11, compared to the previous trading week to settle at 63,056.

More than 2.2 billion shares changed hands in 152,000 transactions valued at $103.1 million, indicating an 18.5% decline in trade volume, 8% increase in the number of transactions and 25.7% drop in trade value compared to last week.

According to TSE data, the First Market Index retreated 39 points or 0.09% to close at 43,921, and the Second Market Index lost 1,026 points or 0.74% to end at 139,106.

Close to 893,000 participation bonds valued at $26.2 million were sold out to record a 24.7% and 17% decline in volume and value respectively.

The farming and related services sector with 14.66% was the top weekly gainer for the second week in a row, followed by publishing and printing with 7.56%, coal mining with 6.29%, chemical products with 2.16% and base metals with 2.12%.

  IFX Up

Iran Fara Bourse’s main index IFX inched up 2.2 points or 0.3% to settle at 706 during the same week.

According to IFB, more than 724 million securities were traded in 60,000 transactions valued at $198.1 million.

Trade volume registered a 19% decline while weekly trade value jumped 36% compared to the previous week. The IFB’s market cap retreated 0.3%.

Oil products with 26% took the top spot among weekly gainers, followed by base metals and chemicals tailing with 19% and 11% respectively.