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TEDPIX, IFX End Week Higher
Economy, Business And Markets

TEDPIX, IFX End Week Higher

Tehran Stock Exchange's benchmark index gained 472 points or 0.6% during the trading week that ended on October 12 to close at 77,655.

TSE trading week begins on Saturday and ends on Wednesday. This week though, the exchange was also closed due to the national holidays on Tuesday and Wednesday.

Over 2.8 billion shares valued at $205.4 million were traded in 198,000 transactions during the week. The number of traded shares and weekly trade value dropped by 55% and 45% respectively compared to the previous week.

The First Market Index grew by 500 points or 0.9% to end at 54,418 and the Second Market Index inched up by 28 points or less than 0.01% to 169,360.

Meanwhile, IFX, the over-the-counter Iran Fara Bourse's main index, added 12 points or 1.4% during the same week to end at 823.

More than 612 million securities valued at $401.7 million were traded in 95,000 transactions at IFB. The number of traded shares declined by 40%, while weekly trade value surged by 149% compared to the previous week.

IFB's market cap gained $153.2 million or 0.6% to reach $27.8 billion.

IFB’s First Market witnessed the trading of 88 million securities valued at $5.6 million, indicating a 49% decline in the number of traded securities and trade value.

Some 327 million securities valued at $35.3 million were traded in the Second Market, indicating a 44% and 43% drop respectively.

The ‘oil products, coke and nuclear fuel’ group of IFB-listed industries had the highest weekly rise in share value (17%). ‘Electricity, gas, steam and hot water' (14%) and ‘base metals’ (14%) came next.

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