All Quiet on Stocks’ Front

Tehran Stock Exchange’s main index TEDPIX gained 53 points or 0.1% during the third week of the month that ended on Nov. 8 to close at 87,897.4.

The benchmark index is currently hovering around its 45-month high.

The main index of the smaller over-the-counter exchange Iran Fara Bourse, IFX, also added 1.8 points or 0.2% during the week to end at 976.8. IFX is at its all-time high.

Trading at Iran’s stock market starts on Saturday and ends on Wednesday.

Over 4.09 billion shares valued at $204.2 million were traded on TSE last week. The number of traded shares and trade value dropped by 12% and 24.4% respectively.

TSE’s First Market Index shed 51 points or 0.08% to end at 61,481.3. The Second Market Index rose by 577 points or 0.30% to close at 192,225.2.

At IFB, more than 1.3 billion securities valued at $206.6 million were traded. The number of traded shares rose by 8% while trade value was down 4%.

Its First Market witnessed the trading of 95 million securities valued at $4.25 million, down 25% and 18% in traded shares and trade value respectively.

About 435 million securities valued at $26.6 million were traded in the Second Market, dropping 7% in number of shares traded and 38% in trade value.

Over 5 million debt securities valued at $120.8 million were also traded at IFB, growing 6% and 4% in number of bonds traded and their value respectively.