Top Stock Market Players Named

EghtesadOnline: Finance securities topped the list of stock market players and industries in terms of value of trade during the last calendar month ending Dec. 21.

News ID: ۷۸۵۲۴۱

11 January 2020

Total trade value of finance securities stood at 231.17 trillion rials ($1.73 billion), according to a report on the performance of businesses operating in the stock market published by the Central Securities Depositary of Iran.

Next on the list were exchange-traded funds with a total trade value of 101.43 trillion rials ($762.67 million) during the month, Financial Tribune reported.

An ETF owns underlying assets (shares, stocks, bonds, oil futures, gold bullion and foreign currency) and divides the ownership of those assets into shares.

Holding multiple underlying assets rather than just one, an ETF can own hundreds or thousands of stocks across various industries, or it could be active in one particular industry or sector.

With 57.04 trillion rials ($428.87 million) worth of trade, the base metals industry was in third place. This was followed by the auto industry, pharmaceutical industry, banks and credit institutions and chemical products.

Food and beverage industry (except sugar and sugar cube) and power and gas distribution sectors were placed next.

At the bottom of the list were companies in the entertainment and creative industries, followed by wood handicraft producers.