Tehran Stock Exchange Gauge Ends H1 10.77% Higher

Tehran Stock Exchange’s primary index TEDPIX gained 8,346.3 points or 10.77% during the first half of the current fiscal year (March 21-Sept. 22) to end at 85,831.8.

Financial Tribune – Tehran Stock Exchange’s primary index TEDPIX gained 8,346.3 points or 10.77% during the first half of the current fiscal year (March 21-Sept. 22) to end at 85,831.8.

The over-the-counter Iran Fara Bourse’s all-share index, IFX, jumped 76.91 points or 8.73% for its part to end the period at 957.31.

TEDPIX is currently standing at its 45-month high and the IFX is at the highest level it has ever been.

Shahrivar, the sixth month of the Iranian year (Aug. 23-Sept. 22) was witness to the two exchanges bagging most of their gains, TSE's website reported.

The TSE benchmark index soared by 3,459 points or 4.2% during the month–the highest monthly rise recorded so far this year. IFX, for its part, rose by 20 points or 2.2% during the month.

TSE and IFB trading opened the New Iranian Year on March 25, 2017. TEDPIX started the year at 77,230 and IFX at 875.8.

Petrochemical, sugar and paper stocks were the top performers during the six-month period, growing 98.53%, 63.57% and 63.1% respectively.

The three industries gathered most of their gains during the sixth month and vastly outpaced other performers. The much-hyped computer and base metal stocks, for instance, rose 38.95% and 33.5% in H1 respectively.

Sep 23, 2017
Financial Tribune |