Economy, Domestic Economy
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Stocks End Week Lower

Stocks End Week LowerStocks End Week Lower

Tehran Stock Exchange’s main index shed 701.5 points or 0.88% during the week that ended January 4 to end at 78,990.3.

IFX, the over-the-counter Iran Fara Bourse’s benchmark, lost 19.6 points or 1.2% during the week to 845.5.

Trading at the two exchanges begins on Saturday and ends on Wednesday.

Over 3.39 billion shares valued at $320.9 million were traded on TSE during the past week. The number of traded shares shrank by 46% while weekly trade value grew 8% compared to the previous week.

TSE’s First Market Index shed 667.7 points or 1.7% to end at 56,029.3. The Second Market Index lost 534 points or 0.31% to close at 168,329.

At IFB, more than 1 billion securities valued at $213.8 million were traded in 70,000 transactions. The number of traded shares dropped by 48% while weekly trade value rose 8% compared to the previous week.

IFB’s market cap shed $311.3 million or 1.2% to reach $24.4 billion.

Its First Market witnessed the trading of 344 million securities valued at $16 million, indicating a 291% and 243% surge in the number of traded securities and trade value respectively.

About 200 million securities valued at $25 million were traded in the Second Market, with the number of traded securities dropping 13% and trade value rising 14% week-on-week.

The ‘base metals’ group of IFB-listed industries had the highest weekly rise in share value (23%). ‘Chemical products’ (13%) and ‘information and communications’ (12%) came next.

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