Tehran Stock Exchange Benchmark Climbs 2.4%

EghtesadOnline: The main index of Tehran Stock Exchange TEDPIX rose more than 2.4% during the trading week to Wednesday.

News ID: ۷۴۸۱۹۰

17 August 2019

A total of 13.8 billion securities valued at 41 trillion rials ($350.4 million) changed hands in more than 1.3 million deals in the week.

A total of 99 million units of Exchange Traded Funds worth 1.11 trillion rials ($9.49 million) were traded in the week – down 49% and 45% in the volume and value of ETFs, respectively.

ETF is a basket of securities traded on an exchange similar to stocks. A basket of shares represents a unit of ETF, according to Financial Tribune.

In the debt market, where participatory bonds, certificates of deposit and sukuks are traded, a total of 100,000 participatory bonds worth 84 billion rials ($717,000) were traded.

Stocks with the highest returns in the market were mass construction, transportation, sugar, metal ore extraction, automotive, cement, base metals and oil products.

Banks, auto parts and automotive industry, equipment and machinery, base metals and chemical groups registered the highest number of trade.