TEDPIX surpasses 452,000 points on Saturday

February 8, 2020 - 18:13

TEHRAN- TEDPIX, the main index of Tehran Stock Exchange (TSE), rose 6,948 points to 452,482 on Saturday, IRNA reported.

Over 9.968 billion securities worth 48.193 trillion rials (about $1.14 billion) were traded at TSE in the first day of the current Iranian calendar week.

The first market’s index climbed 5,242 points and the second market’s index jumped 13,266 points on Saturday, the same report confirmed.

TEDPIX rose four percent in the past Iranian calendar week (ended on Friday).

The index ended 18.775 points higher at 445,894 on Wednesday (the last working day of the week).

As previously reported, TSE witnessed the highest ever weekly rise of its main index in the Iranian calendar week ended on January 17, which was the last week of Iran’s tenth calendar month of Dey.

The index rose 45,638 points, or 12.9 percent, during the mentioned week to stand at 399.445 points.

Tehran Stock Exchange has been ranked as the second best performer among the members of the World Federation of Exchanges (WFE) in terms of the main index growth during the 12-month period of December 2018-December 2019.

According to the TSE’s office of public relations, TEDPIX registered a growth of 133 percent in the mentioned time span to become the second-best performer after Jamaica Stock Exchange.

Based on the WFE latest report, the TSE was the top performer in the Middle East and North Africa (MENA) region.

A total of about $66 billion worth of stocks were traded in TSE during 2019, registering a growth of more than 300 percent compared to the value of trades in the previous year.

According to the WFE report, the total value of trades at TSE reached $320 billion at the end of 2019, while the total market value of WFE members amounted to more than $74 trillion.

MA/MA

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