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Stocks Close Week Lower

Stocks Close Week LowerStocks Close Week Lower

Tehran Stock Exchange’s benchmark index shed 558 points or 0.7% during the week that ended December 28 to end at 79,692.

IFX, the over-the-counter Iran Fara Bourse’s main index lost 6.7 points or 0.8% to reach 865.1.

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

Over 6.3 billion shares valued at $296.5 million were traded on TSE during the past week. The number of traded shares and weekly trade value grew 87% and 95% respectively compared to the previous week.

TSE’s First Market Index shed 408 points or 0.7% to end at 56,697. The Second Market Index lost 1,122 points or 0.66% to close at 168,863. At IFB, more than 1.9 billion securities valued at $197.5 million were traded in 70,000 transactions. The number of traded shares and weekly trade value rose 26% and 2% compared to the previous week.

IFB’s market cap shed $86.9 million or 0.3% to reach $24.09 billion.

IFB’s First Market witnessed the trading of 88 million securities valued at $4.6 million, indicating a 10% decline and 2% growth in the number of traded securities and trade value respectively.

About 230 million securities valued at $21.9 million were traded in the Second Market, down 77% and 53% respectively week-on-week.

The ‘chemical products’ group of IFB-listed industries had the highest weekly rise in share value (32%), which was followed by ‘base metals’ (17%) and ‘mass construction and real estate’ (9%).

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