TEDPIX, IFX Reap Strong Gains in Weekly Trade

Tehran Stock Exchange’s main index TEDPIX gained 799.9 points or 0.97% during the week that ended August 23 to close at 82,541.8.

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

IFX, the main index of the smaller over-the-counter exchange Iran Fara Bourse, won 21.4 points or 2.3% during the week to end at 940.1

Over 2.52 billion shares valued at $293.48 were traded on TSE last week. The number of traded shares dropped by 20.7% while trade valued grew by 41.9%.

TSE’s First Market Index gained 720 points or 0.1.26% to end at 57895.

The Second Market Index rose by 864.5 points or 0.48% to close at 179,594.70.

At IFB, more than 799 million securities valued at $147.4 million were traded. The number of traded shares and trade value dropped by 34% and 59% respectively compared to the previous week.

IFB’s market cap gained $481.8 million or 1.8% to reach $27.78 billion.

Its First Market witnessed the trading of 79 million securities valued at $3.86 million, indicating a 26% and 11% drop in the number of traded securities and trade value respectively.

About 468 million securities valued at $37.5 million were traded in the Second Market, with the number of traded securities and trade value shrinking by 38% and 87% week-on-week respectively.