Economy, Business And Markets
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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%).

Financialtribune.com