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Tehran Stock Exchange's Main Index Registers 90% Growth Since March

Oct 20, 2018, 9:17 AM
News ID: 27220
Tehran Stock Exchange's Main Index Registers 90% Growth Since March

EghtesadOnline: The total value of traded shares in Tehran Stock Exchange reached 853.13 trillion rials ($6 billion) since the beginning of the current fiscal in March until mid-October. During 137 working days, 289.76 billion shares and securities were traded in 16.32 million deals.

Trading at TSE starts on Saturday and ends on Wednesday.

In addition, TSE's main index, TEDPIX, which started at 96,290, has grown noticeably by 86,639 points, registering 90% growth, to 182,929.

First Market trade accounted for 193.41 shares worth 485.69 trillion rials ($3.42 billion) in 8.74 million deals, while the worth of traded shares in the Second Market was 284.09 trillion rials ($2 billion) for 91.55 billion shares in 7.39 million deals, Financial Tribune reported.

Some 54 million shares worth $52.31 trillion rials ($368.41 million) were traded in the debt market in 23,512 deals, while 1.4 billion shares worth $40 billion rials ($281,690) were traded in 2,648 deals in the derivatives market.

This is while 3.02 billion units worth 30.99 trillion rials ($218.28 million) from exchange traded funds were traded in 136,166 deals during the period under review.

First Market index as well as the Second Market also rose by 68,124 and 144,525 points respectively.

TSE Trade Surpasses $314m in 1 Week

Trade at the Tehran Stock Exchange amounted to more than 44.63 trillion rials ($314.33 million) during the week ending October 17 -- a solid 48% decline compared to the week before. This is while the TSE’s main index witnessed week-on-week increase by 1,913 points (1%) to 182,929.

Moreover, 13.45 billion securities were traded in more than 1.05 million deals which were down by 47% and 6% compared to the week before.

During the trade week, 235 million units from exchange traded funds worth over 2.39 trillion rials ($16.86 million) changed hands.

The First Market index ended at 137,536, whereas the Second Market index at 351,012 to register increase by 1% and 2% respectively week over week.

Week’s Important News

According to SENA, among the most important events shaping capital market's trends during the past week was the official announcement about crude oil trading at Iran Energy Exchange (IRENEX), the cooperation agreement between Iran and Montenegrin capital markets and attention of the judiciary to violations in stock market trading. 

Iran officially started spot oil trading on its energy exchange on Tuesday with the National Iranian Oil Company publishing a notice of offer, outlining terms and conditions of the trading mechanism. 

NIOC said it was offering one million barrels of light crude oil on IRENEX and that the first session of trading would start on October 28.

It criticized the US unilateral moves in sanctioning Iran's oil sector and seeking lower oil prices at the same time, 

The head of the Securities and Exchange Organization, Shapour Mohammadi, traveled to Montenegro last week to promote bilateral cooperation with the Balkan country.  

Mohammadi met Montenegro’s senior political and economic officials including the deputy interior minister and a deputy economy minister. A memorandum of understanding signed by the two sides in 2010 came into effect. 

Mohammadi noted at a joint meeting with Tehran prosecutor Abbas Jafari Dolatabadi last week that 400 offenders in the stock market were fined in the past two and a half years. Those found guilty could be fined up to1.2 billion rials ($8,540) as per law. Another 75 criminal cases are under investigation.