TEDPIX at 16-Month High

Tehran Stock Exchange’s main index TEDPIX gained 1,347 points or 1.7% during the week that ended on July 26 to its 16-month high of 81,509.

TEDPIX had already broken past the sticky 80,000 resistance level as the trading week started. The index leapt 508 points on Saturday. It gained steadily during the week and zoomed past the 81,000 level on Tuesday.

The main index of the smaller over-the-counter exchange Iran Fara Bourse lost 0.3 points or 0.03% during the week to stand at 920.1.

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

Over 3.8 billion shares valued at $360.2 million were traded on TSE during last week. The number of traded shares dropped by 21% while trade value grew 15.4% compared to the previous week.

TSE’s First Market Index gained 1,443 points or 2.59% to end at 57,023.

The Second Market Index rose by 192 points or 0.11% to close at 178,151.

At IFB, more than 1.01 billion securities valued at $198.6 million were traded. The number of traded shares and trade value rose by 2% and 19% respectively compared to the previous week.

IFB’s market cap lost $233.12 million or 1.1% to reach $28.43 billion. The largest drop was recorded on Tuesday, as it lost $52.91 million in a single day. Since the start of the current fiscal year (March 21), however, IFB’s market cap has expanded by 2.6%.

Its First Market witnessed the trading of 156 million securities valued at $7.51 million, indicating a 6% and 22% downturn in the number of traded securities and trade value respectively.

About 178 million securities valued at $23.43 million were traded in the Second Market, with the number of traded securities and trade value dropping by 65% and 36% week-on-week respectively.