Stock market index gains 12,583 points in 55 days

June 23, 2018 - 9:15

TEHRAN- Tehran Stock Exchange (TSE)’s main index (TEDPIX) gained 12,583 points to hit 108,872 points during 55 days since the beginning of current Iranian calendar year (March 21), Mehr news agency reported on Friday.

As reported, 58.555 billion securities worth 156.957 trillion rials (about $3.719 billion) were traded through 3.629 million deals in the stock market.

Players in Iran’s capital market witnessed a historical record in growth of TEDPIX which gained 3,306 points to hit 102,452 points on June 17, something unprecedented in the 50-year history of the country’s stock market.

As reported, 1.821 billion securities worth 5.49 trillion rials (about $130 million) were traded through 100,000 deals in a day.

Also, IFX, the main index of Iran's over-the-counter (OTC) market known also as Iran Fara Bourse (IFB), rose 37.6 points to stand at 1,191 points.

As reported, 613 million securities worth 1.26 trillion rials (about $29.8 million) were traded through 58,000 deals in a day.

Shares in different groups of commodities including base metals, chemical products, and minerals witnessed stable status of purchases in that day.

The historical increase in the stock exchange index had begun on June 13, which was named ‘Golden Wednesday of Stock Market’, when TEDPIX gained 2,767 points to stand at 99.146 points.

Rise in stock exchange indexes was anticipated given the recent issues related to the political and economic status of the country, but a 2,767-point growth in a single day was beyond the expectations.

The experts of capital market say some factors such as turbulences in the markets of foreign currency, gold coin, and housing and also entrance of new liquidity is the main reason for such unprecedented rise.

MA/MA

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