TSE trading witnessed 870,614 deals during the five-day working week going up by 50% week on week, the official website of TSE reported on www.tse.ir.
According to the weekly report, total TSE trade since the beginning of the current fiscal (March) until the end of Nov. 14 stood at 335.42 billion shares worth over one quadrillion rials ($7.92 billion). TSE handled 19.26 million deals during 155 working days so far.
TSE’s main index had 2% decline week on week to settle at 181,994 at the end of trading on Nov. 14, Financial Tribune reported.
TSE started the year at 96,290. In other words, TSE’s main index has grown by 89% compared to the year’s beginning.
First market trading amounted to 11.04 billion shares worth 28.78 trillion rials ($226.68 million) during the week indicating 21% and 54% growth in value and volume respectively week on week. More than 227.54 billion shares worth 587.01 trillion rials ($4.62 billion) have been traded on the first market since the beginning of the year.
First market index ended the week at 135,250 to register 2% decrease week on week but going up by 99% compared to year’s beginning.
In addition, trading on the second market saw 59% and 57% rise in value and volume respectively, totaling 1.84 billion shares worth 6.41 trillion rials ($50.47 million). The market has witnessed trading of 102.54 billion shares worth 325.27 trillion rials ($2.56 billion) since March 21.
The second market index stood at 356,863, going down by 2% week on week and up by 73% compared to year’s beginning.
This is while 4.8 million bonds worth 4.76 trillion rials ($37.48 million) changed hands in the debt market during the week, up by 2,138% and 2,085% in value and volume respectively week on week. Over 58.43 trillion rials ($460.08 million) worth of bonds has been traded on the debt market since the fiscal’s beginning.
Trading on the derivatives market registered 3 billion rials ($23,622) during the week, jumping by 267% week on week. The market has seen 57 billion rials ($448,819) in trading since March 21.
In related news 175 million units at Exchange Traded Fund worth 1.79 trillion rials ($14.14 million) changed hands, up 230% and 256% in value and volume respectively week on week. Since the beginning of the year, 3.46 billion units worth 35.59 trillion rials ($280.24 million) have been traded at ETF.
On the outlook of the Iranian capital market, Ali Teymouri, the chief executive officer of Lotus Investment Bank, said he sees a bright future for the capital market. There have been fluctuations in the market due to improper resource allocation. However, the market is currently on the path to correction. He said the market “corrects itself naturally” after investments gets out of hand, Securities & Exchange News Agency reported.