Economy, Business And Markets

Stocks Finish Slow Trading Week Flat

Stocks Finish Slow Trading Week FlatStocks Finish Slow Trading Week Flat

Tehran Stock Exchange’s all-share index TEDPIX gained 135 points or 0.17% during the week that ended April 27 to close at 78,404.

According to TSE data, more than 5.7 billion shares valued at $400.1 million changed hands during the week. The number of shares traded shrank by over 700 million and weekly trade value dropped $18 million compared to the prior trading week.

The First Market Index added 51.3 points to end at 54,890.7 and the Second Market Index won 523 points to close at 171,282. Both indices grew 0.1% and 0.3% compared with the previous week’s figures respectively.

Iran Fara Bourse’s primary index IFX gained 9.3 points or 1.2% to end the week at 802.

According to IFB, more than 1.4 billion securities valued at $333.4 million were traded.

The number of traded shares dropped 5%, while weekly trade value jumped 67% compared with the prior trading week. Furthermore, IFB’s market cap gained $285.2 million or 1.1% to reach $27 billion.

Over 351 million securities worth $23.3 million changed hands in the First Market, recording a 159% and 182% surge in the number of shares traded and weekly trade value respectively.

The Second Market was host to the trading of 589 million securities valued at $56.8 million, with the number of shares traded dropping 1% and weekly trade value advancing 4%.

The base metals sector recorded the highest weekly rise in share value (29%), followed by electricity, gas, steam and hot water (19%) and banks and credit institutions (9%).