TSE Benchmark Ends Week 0.9% Higher

Tehran Stock Exchange’s main index gained 658 points or 0.9% for the week that ended February 22 to close at 77,847.2.

Iranian weekdays start Saturday and end on Friday. Tehran’s stock exchanges TSE and IFB are closed on Thursdays and Fridays.

The over-the-counter Iran Fara Bourse also added 17.8 points or 2.1% to end at 867. 

Over 5.77 billion shares valued at $306 million were traded on TSE during the past week. The number of traded shares rose by 33% while weekly trade value recorded a 16% decline compared to the previous week.

TSE’s First Market Index gained 154 points or 0.3% to end at 55,109. 

The Second Market Index was up 3,148 points or 1.93% to close at 166,500.

At IFB, more than 954 million securities valued at $176.3 million were traded in 110,000 transactions. The number of traded shares and weekly trade value shrank by 33% and 83% respectively compared to the previous week.

IFB’s market cap added $184 million or 0.7% to reach $26.48 billion.

Its First Market witnessed the trading of 225 million securities valued at $9.5 million, indicating a 48% and 28% growth in the number of traded securities and trade value.

About 221 million securities valued at $35.65 million were traded in the Second Market, with the number of traded securities and trade value dropping by 49% and 72% respectively week-on-week.

The ‘industrial contractors’ group of IFB-listed industries showed the highest weekly rise in share value (20.2%). ‘Chemical products ‘(14%) and ‘metal products manufacture’ (9%) came next.