TSE Gauge Finishes Trading Week 0.9% Lower

Financial Tribune- Tehran Stock Exchange’s main index lost 730 points or 0.9% during the week that ended June 21 to close at 78,736.

The smaller over-the-counter Iran Fara Bourse’s benchmark, IFX, gained 1.1 points or 0.1% during the same period to stand at 903.5.

Trading at Iran’s stock market starts on Saturday and ends on Wednesday.

Over 3.03 billion shares valued at $198.85 million were traded on TSE during the past week. The number of traded shares and trade value rose by 19% and 9% compared to the previous week.

TSE’s First Market Index shed 630 points or 1.14% to end at 54,237.

The Second Market Index dropped 909 points or 0.51% to close at 176,808.

At IFB, more than 3 billion securities valued at $300.5 million were traded. The number of traded shares shrank by 17% while weekly trade value grew by 66% compared to the previous week.

IFB’s market cap gained $167.55 million or 0.6% to reach $28.85 billion.

Its First Market witnessed the trading of 163 million securities valued at $10.9 million, indicating a 9% downturn and 9% growth in the number of traded securities and trade value respectively.

About 825 million securities valued at $103.68 million were traded in the Second Market, with the number of traded securities and trade value surging by 164% and 460% respectively week-on-week.