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TSE, IFB Reverse Course

TSE, IFB Reverse CourseTSE, IFB Reverse Course

Tehran Stock Exchange’s main index gained 397 points or 0.5% for the week that ended February 15 to close at 77,190.

TEDPIX snapped its downward trend after three consecutive weeks of decline.

Iranian weekdays start Saturday and end on Friday. Tehran's stock exchanges TSE and IFB are both closed on Thursday and Friday.

The over-the-counter Iran Fara Bourse also reversed its course this week. The benchmark index gained 14.3 points or 1.7% to end at 849.2. The IFX had lost just about the same the week before.

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Over 4.35 billion shares valued at $364.65 million were traded on TSE during the past week. The number of traded shares dropped by 8% while weekly trade value grew by 43% compared to the previous week.

TSE’s First Market Index gained 541 points or 1% to end at 54,956. 

The Second Market Index lost 601 points or 0.37% to close at 163,353.

At IFB, more than 1.4 billion securities valued at $1.02 billion were traded in 118,000 transactions. The number of traded shares and weekly trade value grew by 54% and 266% respectively compared to the previous week.

IFB’s market cap added $525.15 million or 2% to reach $26.3 billion.

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Its First Market witnessed the trading of 152 million securities valued at $7.5 million, indicating a 68% and 99% growth in the number of traded securities and trade value respectively.

About 436 million securities valued at $127.8 million were traded in the Second Market, with the number of traded securities and trade value rising 194% and 54% respectively week-on-week.

The ‘industrial contractors’ group of IFB-listed industries had the highest weekly rise in share value (23.3%). ‘Transportation, storage and communications ‘(11.4%) and ‘base metals’ (10.9%) came next.

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