Institutional investors had the largest share of trading in Tehran’s equity market in the first month of the current fiscal year (March 21-April 20), the latest data showed.
They accounted for 55% of total trade during the month, with their top five buying targets being banks and credit institutions with 801 billion rials ($19 million), metal ore extraction with 304 billion rials ($7.23 million), chemicals with 220 billion rials ($5.23 million), auto and auto parts with 204 billion rials ($4.85 million) and base metals with 130 billion rials ($3.09 million).
Non-institutional investors were involved in 45% of trade with their main buys being exchange-traded funds with 123 billion rials ($2.92 million), “oil and gas extraction and services” with 44 billion rials ($1.04 million) “electricity, gas and hot water” with 23 billion rials ($547,619), “other financial intermediaries” with 20 billion rials ($4.76 million) and sugar stocks with 19 billion rials ($4.52 million), ILNA reported.
