Economy, Business And Markets
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Stocks End Week 0.4% Higher

Stocks End Week 0.4% HigherStocks End Week 0.4% Higher

Tehran Stock Exchange’s benchmark index TEDPIX gained 334 points or 0.4% during the trading week that ended August 10 to close at 78,190.

TSE trading begins on Saturday and ends on Wednesday.

Over 4.8 billion shares valued at $318.2 million were traded in 382,000 transactions during the week. The number of traded shares and weekly trade value grew by 26% and 43% respectively compared to the previous week.

The First Market Index gained 100 points or 0.2% to end at 55,349.

The Second Market Index added 1,512 points or 0.9% to close at 167,269.

More than 2.1 million Musharakah bonds changed hands valued at $63 million during the week, indicating 116% and 112% growth in number and value respectively.

Meanwhile, IFX, Iran Fara Bourse’s main index, gained 3 points or 0.4% during the same week to end at 817.1.

Over 1.4 billion securities valued at $174.4 million were traded in 138,000 transactions at IFB. The number of traded shares and weekly trade value surged by 47% and 25% respectively.

IFB’s market cap rose by $94.8 million or 0.3% to $27.5 billion by Wednesday.

The over-the-counter market’s First Market witnessed the trading of 276 million securities valued at $16.3 million, indicating 56% and 86% growth in the number of traded securities and trade value respectively.

Moreover, some 662 million securities valued at $53.3 million were traded in IFB’s Second Market, indicating 78% and 63% growth respectively.

The oil products, coke and nuclear fuel’ group of IFB-listed industries registered the highest weekly rise in share value (27%) followed by base metals (19%) and transportation, storage and telecommunications (9%).

 

Financialtribune.com