TSE Benchmark Ends Week 0.9% Higher

EghtesadOnline: 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.

News ID: ۷۴۰۰۰۷

25 February 2017

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, according to Financial Tribune.

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.