Economy, Business And Markets
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Stocks Fall, Bonds Rise in Drab Trading Week

Stocks Fall, Bonds Rise in Drab Trading WeekStocks Fall, Bonds Rise in Drab Trading Week

Tehran Stock Exchange’s benchmark index, TEDPIX, lost 728 points or 0.89% during the week ending April 8 to close at 80,753.

More than 6.4 billion shares valued at $488.2 million were traded in 518,000 transactions. The number of shares traded and weekly trade value grew 21% and 33% respectively compared to the previous trading week, according to TSE data.

The First Market Index shed 985 points or 1.70% to end at 56,941. The Second Market Index added 1,239 points or 0.72% to reach 174,026.

Over 1 billion participation bonds valued at $31.4 million changed hands to register 129% and 133.4% growth in the number of bonds traded and trade value respectively compared to the previous week.

Medical, optical and measuring equipment firms had the highest weekly increase in their shares’ value (14.08%), followed by insurance and pension funds (11.67%) and publishing and printing industries (9.54%).

Meanwhile, the over-the-counter exchange Iran Fara Bourse’s main index, IFX, lost 7.2 points or 0.09% to end the week at 807.

According to IFB data, more than 1.5 billion securities valued at $172.3 million were transacted.

The number of shares traded grew 36%, while weekly trade value shrank 30% compared to the prior trading week. IFB’s market cap, however, went up by $12.3 million or 0.04% to $27.9 billion.

The First Market witnessed the trading of 190 million shares valued at $10.8 million, registering a 44% rise in the number of shares traded and weekly trade value respectively.

Over 737 million shares valued at $69 million were traded in the Second Market, registering a 4% and 28% decline in the number of shares traded and trade value respectively.

The base metals sector posted the highest weekly increase in shares’ value (19%), followed by electricity, gas, steam and hot water (14%), and construction and real estate (10%).

Financialtribune.com