Tehran stocks had one of their best weeks to date with spiking growth in every single index, all due to a meteoric rise in Wednesday trade.
Tehran Stock Exchange’s all-share index, TEDPIX, gained 3,147 points or 3.3% during the week that ended on June 13 compared to the week before to close at 99,146.3. This brings the benchmark’s return since the beginning of the year (March 21) to 3%.
Iran Fara Bourse’s benchmark index, IFX, added 42.1 points or 3.8% to stand at 1,153.7 during the same week. The uptick has been quite higher for IFX, as its annual return up to the week’s close reached 5.2%.
Trading at Iran’s stock markets starts on Saturday and ends on Wednesday.
June 16, 2018 19:41
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Fresh Money Supply Breathes New Life Into Tehran Stocks
Tehran Stock Exchange’s all-share index, TEDPIX, gained 3.3% as Iran Fara Bourse’s benchmark index, IFX, rose by 3.8% during the week that ended on June 13 compared to the week before
The government says it intends to tame the money supply growth by channeling it toward productive sectors
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