Economy, Business And Markets
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TEDPIX Ends Week Lower, IFX Stalls

TEDPIX Ends Week Lower, IFX StallsTEDPIX Ends Week Lower, IFX Stalls

Tehran Stock Exchange’s benchmark index shed 232 points or 0.31% during the week that ended on June 22 to close at 73,645.

More than 3.9 billion shares valued at $239.5 million were traded in 255,000 transactions during the week. The number of traded shares and weekly trade value dropped 27.4% and 23.6% respectively compared to the previous week.

The First Market Index added 91 points or 0.18% to stop at 51,314. The Second Market Index plunged 2,017 points or 1.23% to end at 162,333.

More than 375,000 participation bonds valued at $10.8 million were traded, indicating a 7% rise in the number of traded bonds.

The “paper products” sector recorded the highest weekly rise in share value (5.61%), tailed by “metal products manufacture” (4.86%) and “machinery and equipment” (4.57%).

Meanwhile, IFX, the over-the-counter Iran Fara Bourse’s primary index, inched up 0.3 points or 0.04% during the same week to end at 777.4.

More than 2.4 billion securities valued at $225 million changed hands in 153,000 transactions. The number of traded shares and weekly trade value grew 20% and 6% respectively compared to the prior week.

IFB’s market cap fell by $19.4 million or 0.1% to reach $26.8 billion.

The First Market witnessed the trading of 444 million securities valued at $21.9 million, with the number of traded securities rising 9% and weekly trade value dropping 12%.

Over 620 million securities valued at $74.6 million changed hands in the Second Market, with the number of traded securities and trade value rising 48% and 8% respectively.

The “base metals” sector had the highest weekly rise in share value (26%). “Banks and credit institutions” (14%) and “investment companies” (11%) came next.

Financialtribune.com