Economy, Business And Markets

TEDPIX Ends Week Higher

TEDPIX Ends Week HigherTEDPIX Ends Week Higher

Tehran Stock Exchange's benchmark index, TEDPIX, gained 849 points or 1.1% during the trading week that ended pn September 28 to close at 77,300.

TSE trading week begins on Saturday and ends on Wednesday.

Over 4.2 billion shares valued at $297.8 million were traded in 342,000 transactions during the week. The number of traded shares and weekly trade value grew by 43% and 9% respectively compared to the previous week.

The First Market Index grew by 442 points or 0.8% to end at 53,837. The Second Market Index advanced by 2,754 points or 1.6% to close at 170,549.

More than 1 million Musharakah bonds changed hands at TSE valued at $20.3 million during the week, dropping 75% in both number and value over the preceding week.

Meanwhile, IFX, the over-the-counter Iran Fara Bourse's main index, added 1 point or 0.1% during the same week to end at 817.

More than 1.03 billion securities valued at $177.4 million were traded in 150,000 transactions at IFB. The number of traded shares and weekly trade value declined by 67% and 25% respectively compared with the previous week.

IFB's market cap gained $55 million or 0.2% to reach $27.7 billion.

IFB’s First Market witnessed the trading of 273 million securities valued at $18.6 million, indicating a 32% rise and a 57% decline in the number of traded securities and trade value respectively.

Moreover, some 455 million securities valued at $46.4 million were traded in the Second Market, indicating a 33% and 9% rise.

The ‘base metals’ group of IFB-listed industries had the highest weekly rise in share value (17%). 'oil products, coke and nuclear fuel' (10%) and 'hotels and restaurants’ (7%) came next.