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TEDPIX Ends Week Lower, IFX Higher

TEDPIX Ends Week Lower, IFX HigherTEDPIX Ends Week Lower, IFX Higher

Tehran Stock Exchange’s benchmark index shed 657.4 points or 0.81% during the week that ended December 14 to end at 80,683.6.

IFX, the over-the-counter Iran Fara Bourse’s main index, added 3.2 points or 0.4% to extend its two-year high and stand at 865.9.

Trading at the two exchanges begins on Saturday and ends on Wednesday.

Over 3.2 billion shares valued at $202.2 million were traded on TSE during the past week. The number of traded shares and weekly trade value dropped 36% and 45% respectively compared to the previous week.

The TSE’s First Market Index shed 417.3 points or 0.72% to end at 57,489.8.

The Second Market Index lost 1,132 points or 0.65% to close at 170,473.

At IFB, more than 1.16 billion securities valued at $275 million were traded in 78,000 transactions. The number of traded shares dropped 28% while weekly trade value grew 49% compared to the previous week.

IFB’s market cap won $599.3 million or 2.4% to reach $25.5 billion.

IFB’s First Market witnessed the trading of 217 million securities valued at $11.4 million, indicating a 49% and 57% decline in the number of traded securities and trade value respectively.

About 428 million securities valued at $37.4 million were traded in the Second Market, down 21% and 14% respectively week-on-week.

The ‘base metals’ group of IFB-listed industries registered the highest weekly rise in share value (27%). ‘Paper products’ (12%) and ‘oil products, coke and nuclear fuel’ (10%) came next.

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