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TSE Benchmark Ends Week 1% Lower

TSE Benchmark Ends Week 1% LowerTSE Benchmark Ends Week 1% Lower

Tehran Stock Exchange’s benchmark wiped 769 points or 1% during the week that ended on June 1 to stop at 76,084.

Over 4.5 billion shares valued at $270.8 million changed hands in 354,000 transactions during the week. The number of traded shares and weekly trade value grew 24.3% and 12.2% respectively compared to the prior trading week.

The First Market Index lost 753 points to close at 53,222 and the Second Market Index shed 406 points to end at 166,482. The two indices retreated 1.40% and 0.24% respectively compared to the previous week.

Furthermore, over 189,772 participation bonds valued at $5.5 million changed hands, posting a 67.8% and 67.3% decline in the number of traded bonds and trade value respectively.

Paper products sector recorded the highest weekly rise in share value (10.09%), followed by food products other than sugar (4.14%) and medical devices, optics and measuring equipment (4.07%).

Meanwhile, the more nimble over-the-counter Iran Fara Bourse’s main index, IFX, gave up 3 points or 0.3% during the same week to stand at 815.

Over 3.2 billion securities worth $337.8 million were traded in 157,000 transactions.

The number of shares traded and weekly trade value posted a robust 145% and 160% rise compared to the previous week, effectively outpacing TSE’s weekly performance.

IFB’s market cap dropped by $129.1 million or 0.5% to $27.3 billion.

The First Market played host to the trading of 193 million securities valued at $12.4 million, recording a 55% and 75% growth in the number of traded shares and weekly trade value respectively.

More than 430 million securities valued at $35.9 million changed hands in the Second Market, with the number of traded shares and weekly trade value shrinking by 10% and 1% respectively.

The base metals sector posted the highest weekly rise in share value (19%). Banks and credit institutions (14%) and oil products, coke and nuclear fuel (10%) came next.

 

Financialtribune.com