The Iranian equity market's meteoric rise last week enabled it to break records, yet it lost steam by the trading week's end on Wednesday and bled part of its gains.
Overall, Tehran Stock Exchange's all-share index, TEDPIX, gained 7,570 points or 6.1% during the week that ended on August 8 to close at 131,521.6.
Iran Fara Bourse’s benchmark index, IFX, grew by 71.1 points or 5% to stand at 1,499.6.
August 10, 2018 18:04
0
Stocks End Trading Week With Solid Gains
Tehran Stock Exchange’s all-share index gained 7,570 points or 6.1% during the week that ended on August 8 to close at 131,521.6, as Iran Fara Bourse’s benchmark index grew by 71.1 points or 5% to stand at 1,499.6
What really sent stocks flying was the Central Bank of Iran’s official approval on Monday to get the secondary market going at “negotiated prices” the next day
Add new comment