TEDPIX Ends Week Lower, IFX Stands at 3-Year High

Tehran Stock Exchange’s main index shed 434 points or 0.5% during the week that ended December 21 to end at 80,250.

IFX, Iran Fara Bourse’s benchmark, added 5.9 points or 0.7% to end the week at a three-year high of 871.8.

Trading at the two exchanges begins on Saturday and ends on Wednesday. The markets were closed on Saturday.

Over 3.2 billion shares valued at $152 million were traded on TSE during the past week. The number of traded shares and weekly trade volume dropped 2% and 29% respectively compared to the previous week.

The TSE’s First Market Index shed 385 points or 0.7% to end at 57,105. The Second Market Index lost 489 points or 0.29% to close at 169,985.

At IFB, more than 1.53 billion securities valued at $193.4 million were traded in 50,000 transactions during the week. The number of traded shares rose 32% while weekly trade volume dropped by 28% compared to the previous week.

IFB’s market cap rose $119.6 million or 0.5% during the week to $25.05 billion.

IFB’s First Market witnessed the trading of 98 million securities valued at $4.5 million, indicating a 55% and 59% decline in the number of traded securities and trade value respectively.

About 982 million securities valued at $47 million were traded in the Second Market, up 129% and 29% respectively week-on-week.

The ‘base metals’ group of IFB-listed industries had the highest weekly rise in share value (29%). ‘Chemical products’ (10%) and ‘mass construction and real estate’ (9%) came next.