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TEDPIX Rises 0.8%, IFX Up 1.2% in Weekly Trading

TEDPIX Rises 0.8%, IFX Up 1.2% in Weekly TradingTEDPIX Rises 0.8%, IFX Up 1.2% in Weekly Trading

Tehran Stock Exchange’s main index TEDPIX gained 653 points or 0.8% during the week that ended June 19 to close at 80,162.5.

The smaller over-the-counter Iran Fara Bourse’s benchmark, IFX, added 11.2 points or 1.2% during the same period to stand at 920.4. IFX is about 17 points away from reaching its all-time high.

Trading at Iran’s stock market starts on Saturday and ends on Wednesday.

Over 4.8 billion shares valued at $312.2 million were traded on TSE in the last week. The number of traded shares and trade value dropped by 12% and 0.2% respectively compared to the previous week.

TSE’s First Market Index gained 629 points or 1.14% to end at 55,579.9.

The Second Market Index rose by 447 points or 0.25% to close at 177,959.6.

At IFB, more than 992 million securities valued at $167.4 million were traded. The number of traded shares and trade value shrank by 33% and 31% respectively compared to the previous week.

IFB’s market cap gained $116.9 million or 0.40% to reach $28.86 billion.

Its First Market witnessed the trading of 147 million securities valued at $6.16 million, indicating a 10% and 27% downturn in the number of traded securities and trade value respectively.

About 505 million securities valued at $36.7 million were traded in the Second Market, with the number of traded securities and trade value dropping by 41% and 38% respectively week-on-week.

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