Tehran Stocks Hit Historic Record in Six Months

EghtesadOnline: Since the beginning of the current fiscal year (March 21), TEDPIX, the main index of Tehran Stock Exchange, soared 135,750 points, or 75.98%, to stand at the historic level of 314,409 until the last trading session on Wednesday.

News ID: ۷۴۸۵۴۹

28 September 2019

About 510.7 billion shares valued at 1,650.5 trillion rials ($14.54 billion) changed hands in 42.39 million deals in the market during 121 trading sessions, IBENA reported.

More than 53.7 million securities worth 51.93 trillion rials ($457.55 million) were traded in the debt market, where participatory bonds, certificates of deposit and Islamic sukuk securities are traded.

The securities traded in the debt market changed hands in 12,834 deals during the six-month plus period, Financial Tribune reported.

In the derivatives market where financial instruments like futures contracts are traded, 133.72 million contracts changed hands in more than 43,685 deals, during the period under review.

The total value of contracts traded in derivatives market stood at 784 billion rials ($6.9 million).

More than 8.65 billion units of exchange-traded funds valued at 92.63 trillion rials ($816.15 million) changed hands in 299,885 deals, during the aforementioned period.

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

Presently, there are 38 ETFs operating in the capital market.

ETFs hold multiple underlying assets, rather than only one. An ETF can own hundreds or thousands of stocks across various industries, or it could be focused on one particular industry or sector.