56959
Stocks End Week Lower
Stocks End Week Lower
  1. Economy
  2. Domestic Economy

Stocks End Week Lower

  1. Economy
  2. Domestic Economy

Stocks 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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