Economy, Business And Markets

TEDPIX Ends Bland Trading Week Lower

TEDPIX Ends Bland Trading Week LowerTEDPIX Ends Bland Trading Week Lower

Tehran Stock Exchange’s main index, TEDPIX, gave up 1,164.4 points or 1.44% during the week that ended April 15 to close at 79,588.3.

More than 6.5 billion shares valued at $480.7 million were traded in 494,000 transactions. The number of shares traded rose 1.2% compared to the previous trading week, while weekly trade value shrank 1.5%, according to TSE data.

The First Market Index lost 1,075 points to close at 55,866 and the Second Market Index shed 999 points to end at 173,028, registering a 1.89% and 0.57% decline compared to last week respectively.

Moreover, 190,609 participation bonds valued at $5.4 million changed hands, indicating a 82.5% and 82.6% decline in the number of bonds traded and weekly trade value respectively.

The non-metal minerals sector had the highest weekly rise in shares’ value (4.19%), followed by technical and engineering services (3.75%) and publishing and printing (2.91%).

> IFB Sheds 15.8 Points

Iran Fara Bourse’s benchmark index, IFX, lost 15.8 points or 2% to settle at 791 during the same week.

More than 1.5 billion securities valued at $303.4 million were traded, according to IFB data.

The number of shares traded fell 3%, while weekly trade value rose 76% compared to the previous week.

IFB’s market cap shrank by $336.6 million or 1.2% to stand at $27.6 billion.

Over 190 million securities were traded in the First Market valued at $11 million, which indicates a 0.01% drop in the number of securities traded and 2% rise in weekly trade value. The Second Market recorded the trading of 689 million securities valued at $66.8 million, with the number of securities traded dropping by 6% and weekly trade value falling by 3%.

The base metals sector registered the highest weekly increase in shares’ value (19%), followed by electricity, gas, steam and hot water (13%) and banks and credit institutions (9%).