Tehran Stock Exchange Trade Climbs 73% in 1 Month (Sep-Oct 2018)

EghtesadOnline: Total value of traded securities at TSE reached 310.32 trillion rials ($2.23 billion) during the calendar month ending October 22 to register 73% growth compared to the month before. Accordingly, more than 93 million securities were traded in over five million deals.

News ID: ۷۴۶۱۶۲

28 October 2018

First Market index added 21.985 units to settle at 140.512, while Second Market index increased by 45.042 points to 363.537, indicating 19% and 14% rise respectively month on month. This is while 975 million units of exchange traded funds worth more than 10 trillion rials ($72 million) were traded, up 97%.

Moreover, 5.6 million participatory bonds worth 5.52 trillion rials ($39.7 million) were traded in the debt market to go up by 24% month on month.

Weekly Decline in TSE Main Index

The TSE’s main index witnessed week-on-week decrease by 1,869 points (1%) to 181,060 during the trade week ending October 24, according to Financial Tribune.

The First Market index ended at 134,557, whereas the Second Market index at 355,023, registering a decrease of 2,979 points (2%) and an increase of 4,011 points (1%) respectively compared to the previous week.

Trading at TSE starts on Saturday and ends Wednesday.

During the five working days, more than 5.38 trillion rials ($38.7 million) were traded -- a 13% increase compared to the week before; 13.77 billion securities were traded in more than 1.54 million deals, up by 2% and down 15% week on week. In addition, 166 million units from exchange traded funds worth over 1.69 trillion rials ($12.17 million) changed hands, registering 29% decline.

Average price to earnings ratio of Tehran Stock Exchange-listed companies stood at 10.75 on October 22. This is while 97 companies at TSE have a P/E ratio of higher than 20, 98 companies were between 10 and 20, 94 lower than 10, and 36 in negative territory.

Earnings per share for 53 companies were more than 10,000 rials ($0.07). Share value of 154 companies was between 3,000-10,000 rials ($0.02-0.07), 1,000-3,000 rials ($0.007-0.02) for 112 companies and lower than 1,000 rials ($0.007) for six companies.

According to the latest report, the value of Tehran securities market exceeded 7.16 quadrillion rials ($52.07 billion) on Oct. 22.

Among 325 TSE-listed companies, Mobarakeh Steel Company topped the list with 466.4 trillion rials ($3.4 billion), followed by Persian Gulf Petrochemical Industries Company with 454.5 trillion rials ($3.3 billion), and Golgohar Mining and Industrial Complex with 297.7 trillion rials ($2.2 billion).

Total TSE Trade Value at $6.5b

About 303.54 billion shares and securities worth 903.52 trillion rials ($6.5 billion) was traded at Tehran Stock Exchange during 142 working days (March 21 to October 24) in more than 17 million deals since the beginning of the current fiscal.

According to market reports, 202.97 billion shares worth 516.94 trillion rials ($3.71 billion) were traded in the first market during  147 working days, while trade in the second market stood at 95.58 billion shares worth 300.74 trillion rials ($2.16 billion) in 7.76 million deals.

Debt market trading was recorded at 54 million shares worth 53.1 trillion rials ($382.06 million) in 24,083 deals, derivatives market at 1.4 billion shares worth 51 billion rials ($366,906) in 2,714 deals, and exchange-traded funds at 3.18 billion units worth 32.38 trillion rials ($233 million), IBENA reported on Saturday.

TSE's main index that started the year at 96,290 grew by 84,770 points (88%) to reach 182,929. First market index and second market index both witnessed increases by 66,433 points and 148,536 points respectively during the period.