Volatility once again reigned in the Iranian stock markets during the last week. Indices went sky-high with a news and nosedived at another.
All in all, the good news and the bad news seem to have cancelled each other out, as TEDPIX and IFX did not end the week at a position much different from their starting one.
Tehran Stock Exchange's all-share index, TEDPIX, gained 562 points or 0.4% during the week that ended on Aug. 29 to close at 137,472.4.
Iran Fara Bourse’s benchmark index, IFX, inched up 3.09 points or 0.19% to stand at 1,556.36.
August 31, 2018 18:27
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Tehran Stocks End Seesaw Trading Week With Marginal Gains
Tehran Stock Exchange’s all-share index, TEDPIX, gained 562 points or 0.4% during the week that ended on August 29 to close at 137,472.4, as Iran Fara Bourse’s benchmark index, IFX, went up 3.09 points or 0.19% to reach 1,556.36
Pharmaceuticals and cement producers are on a nine-day winning streak due to their versatility in sales and exports, as well as not being encumbered by government-enforced dollar prices
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