TEDPIX gains 151 points in a day

November 24, 2019 - 17:15

TEHRAN- TEDPIX, the main index of Tehran Stock Exchange (TSE), rose 151 points to 305,774 on Sunday, IRIB reported.

As reported, 3.018 billion securities worth 16.806 trillion rials (about $400 million) were traded through 367,427 deals on Sunday.

Services, telecommunications and shipping groups mostly impact the overall index at TSE.

While Tehran Stock Exchange witnessed a small growth of index on Sunday, IFX, the main index of Iran's over-the-counter (OTC) market, known also as Iran Fara Bourse (IFB), fell eight points to 3,964 in the same day, ISNA reported.

Some 172,740 deals were conducted at IFB on Sunday and two petrochemical companies namely Maroun and Zagros mostly contributed to the drop of overall index.

The value of trades at IFB rose 100 percent during the eight Iranian calendar month of Aban (October 22-November 22) compared to the same month of the previous year, Tasnim news agency reported on Saturday.

Also the number of trades at this market has risen 77 percent during the eighth month year on year.

IFX, the main index of IFB, has gained four percent during the mentioned month from its previous month. The index stood at 3,950 in the last day of the month.

As reported, 28,500 billion securities worth 170.55 trillion rials (about $4.06 billion) were traded in the eighth month of this year.

Some 1.764 billion securities worth 9.539 trillion rials (about $227 million) were traded at the first market of IFB and 7.728 billion securities worth 50.778 trillion rials (about $1.2 billion) were traded at the second market of IFB in the past month.

Operating under official supervision of Iran’s Securities and Exchange Organization (SEO), Iran Fara Bourse (IFB) acts as a self-regulatory organization governing the activities of its brokers and members. The company was established in 2009 and its transactions officially started in four market segments on September 28, 2009.

Establishment of Iran Fara Bourse was one of the main steps for developing capital market in Iran and diversifying financial instruments traded in the securities market.

MA/MA

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