Tehran Stock Exchange Grows 62% in Five Months

EghtesadOnline: Riding on the tailwind of huge liquidity inflow and the rising number of new investors in the past few months due to the absence of strong parallel markets, Iran’s capital market is soaring as never before.

News ID: ۷۴۸۳۷۳

07 September 2019

During the 108 working days since the beginning of current fiscal year (March 20) until the end of trading day on Wednesday, the main index of Tehran Stock Exchange TEDPIX gained 111,519 points, registering a market return of 62.4% during the 5-month plus period.

The TSE’s benchmark stood at 290,178 points Wednesday, according to Financial Tribune.

About 435.67 billion securities worth 1,374.9 trillion rials ($12.06 billion) were traded in more than 35.86 million deals, IBENA reported.

During the period under review the First Market Index increased by 77,956 points, or 58% and second Market Index gained 345,162 points, or 69%, to reach 585,929.7 points .

A total of 294.1 billion shares worth 705.72 trillion rials ($6.19 billion) were traded in the First Market in more than 16.93 million deals.

A total of 135.14 billion shares valued 556.02 trillion rials ($4.87 billion) were traded in 18.46 million deals in the Second Market.

Likewise, 46.9 million securities worth 45.1 trillion rials ($395.6 million) changed hands in more than 11,381 deals in the debt market.

Debt market is a market in which participatory bonds, certificates of deposit and Islamic Sukuk securities are traded.

In the derivative market, where financial instruments like futures contracts are traded, about 133.04 million contracts valued 732 billion rials ($6.42 million) were traded in about 38,741 deals.

During the period, a total of 6.25 billion units of Exchange Traded Funds worth 67.36 trillion rials ($590.88 million) changed hands.

ETF units were traded in more than 242,315 deals. ETF is a basket of securities traded on an exchange similar to stocks. A basket of shares represents an ETF unit.