Economy, Business And Markets

TEDPIX Ends Week 0.58% Higher

TEDPIX Ends Week 0.58% HigherTEDPIX Ends Week 0.58% Higher

Tehran Stock Exchange’s benchmark index, TEDPIX, gained 440 points or 0.58% during the week that ended May 25 to close at 76,853.

Over 3.6 billion shares valued at $241.3 million changed hands in 295,000 transactions. The number of shares traded and weekly trade value dropped by 27% and 25.5% respectively compared to the previous trading week.

TSE’s First Market Index won 511 points or 1.96% to end at 53,975, and the Second Market Index shed 236 points or 0.14% to stop at 166,887.

More than 589,000 participation bonds valued at $16.8 million were traded, jumping 14.4% and 12.7% in terms of the number of traded bonds and trade value respectively compared to the prior trading week.

Medical, optical and measuring equipment firms had the highest weekly increase in share value (16.25%), followed by telecommunications equipment manufacturing (5.84%) and general machinery manufacturing sectors (4.12%).

Meanwhile, the over-the-counter exchange Iran Fara Bourse’s primary index, IFX, inched down 1 point or 0.1% to close the week at 817.

Some 1.3 billion securities valued at $130.1 million were transacted with the number of traded shares and weekly trade value shrinking by 27% and 51% respectively compared to the preceding week. IFB’s market cap fell by $175.7 million or 1% to $27.4 billion.

IFB’s First Market witnessed the trading of 125 million securities valued at $7.1 million, with the number of securities traded dropping by 7%, while trade value was up 1% compared to the week before.

More than 484 million securities valued at $36.3 million changed hands in the Second Market, registering 55% and 58% declines in the number of traded securities and trade value respectively.

The base metals sector posted the highest weekly increase in share value (24%), tailed by banks and credit institutions (10%) and oil products, coke and nuclear fuel (8%).