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Weekly Stock Market Report
Economy, Business And Markets

Weekly Stock Market Report

Tehran Stock Exchange’s all-share index TEDPIX jumped 942 points or 1.53% during the week that ended January 6 compared to the previous trading week to end at 62,632.
More than 6.8 billion shares changed hands in 256,000 transactions valued at $483.8 million, with weekly trade volume and value skyrocketing 200% and 333.3% compared to the previous trading week respectively. The number of transactions soared 67%.
According to TSE data, the First Market Index rose 696 points to close at 42,996 and the Second Market Index won 1,843 points to settle at 141,827, indicating a 1.64% and 1.32% growth respectively.
Oil and gas extraction firms were the top gainers of the week accounting for 26.63% of transactions, followed by producers of electrical machinery and equipment with 16.62%, telecommunications devices with 15.2%, autos and auto parts with 8.31%, papers with 7.65% and engineering and technical services with 7.35%.
Meanwhile, Iran Fara Bourse’s main index IFX gained 16.8 points or 2.5% to end at 702 during the same week.
According to IFB, 1.4 billion securities were traded in 118,000 transactions valued at more than $169 million.
Weekly trade volume registered a 134% rise compared to the previous trading week. Trade value was down 5%.
IFB’s market cap grew $263.7 million or 1.2% to record $21.4 billion.
Wednesday saw the highest trade volume of the week with 429,470 shares changing hands, while Monday witnessed the highest trade value of the week as $70.6 million worth of shares were transacted.
Banks and credit institutions were the top weekly gainers, accounting for 16% of all the transactions, followed by producers of base metals, chemicals and auto and auto parts with 13%, 11% and 10% respectively.

 

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