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TSE Gauge Ends Week Flat

TSE Gauge Ends Week FlatTSE Gauge Ends Week Flat

Tehran Stock Exchange’s all-share index TEDPIX lost 48 points or 0.06% during the trading week that ended Feb. 24 to settle at 77,840.

Over 12 billion shares valued at $883.6 million changed hands in 577,000 transactions to post a 12% rise in the number of shares traded and a 16.5% jump in trade value compared to the prior trading week.

According to TSE data, the First Market Index fell 15 points to end at 54,008 and the Second Market Index retreated 213 points to close at 173,017, registering a 0.03% and 0.12% decline respectively.

Electricity, gas, steam and hot water sector had the highest weekly increase in shares’ value (14.82%), followed by oil products, coke and nuclear fuel (11.09%) and mineral extraction (10.94%).

TSE’s rival exchange Iran Fara Bourse’s primary index IFX grew 11.4 points or 1.4% to stop at 831.

According to IFB, over 2.6 billion securities valued at $418.4 million were traded in 159,000 transactions.

The number of shares traded jumped 55%, while weekly trade value shrank by 4% compared to the previous week. IFB’s market cap was up $364.2 million or 1.3% to reach $28.1 billion.

The First Market witnessed the trading of 699 million shares valued at $55.3 million, posting a 219% rise in the number of shares traded and a 272% increase in weekly trade value.

More than 1.2 billion shares valued at $96 million changed hands in the Second Market, with the number of shares traded and trade value growing 27% and 16% respectively.

The base metals sector posted the week’s highest rise in shares value ($28.3 million or 24%), tailed by chemicals ($21.9 million or 19%), and oil products, coke and nuclear fuel ($15.3 million or 13%).

 

Financialtribune.com