Economy, Business And Markets
0

TSE Gains in Slow Trading Week

TSE Gains in Slow Trading WeekTSE Gains in Slow Trading Week

Tehran Stock Exchange’s main index TEDPIX added 614 points or 0.79% during the week that ended March 9 to close at 78,312.

More than 10 billion shares valued at $775 million were traded in 611,000 transactions with the number of shares traded and weekly trade value growing 50.6% and 21.7% compared to the prior trading week respectively.

The First Market Index gathered 1,182 points to end at 54,868, posting a 2.20% rise compared to last week.

The Second Market Index shrank 3,153 points to settle at 170,880, registering a 1.81% decline.

More than 443,000 participation bonds valued at $13 million changed hands during the week, indicating a 16.8% and 16.7% decrease in the number of bonds traded and trade value respectively.

Wood products posted the highest weekly increase in shares’ value, followed by auto and spare parts manufacture, oil products, coke and nuclear fuel and base metals.

Meanwhile, Iran Fara Bourse’s main index IFX lost 11 points or 1.3% to close at 811 during the same week.

According to IFB data, more than 4.3 billion securities valued at $630.7 million were traded.

The number of traded shares increased 69%, whereas weekly trade value dropped 54% compared with the previous trading week. Furthermore, IFB’s market cap shrank $1.03 billion or 3.6% to settle at $27.7 billion.

The First Market was host to the trading of 988 million shares valued at $82.6 million, indicating an 83% and 105% growth in the number of shares traded and weekly trade value respectively.

Moreover, 1.2 billion shares worth over $89.5 million changed hands in the Second Market, registering a 30% and 27% rise in the number of shares and trade value respectively.

Banks and credit institutions registered the highest increase in shares’ value, followed by construction and real estate, oil products, coke and nuclear fuel.

 

Financialtribune.com