TEDPIX climbs 10% in a week

February 28, 2020 - 13:42

TEHRAN- TEDPIX, the main index of Tehran Stock Exchange (TSE), rose 10 percent during the past Iranian calendar week (ended on Friday), IRNA reported.

The index went up 45,640 points to 524,394 during the past week.

As reported, the indices of Bank Mellat, Bank Tejarat, Iran Khodro Industrial Group, Saipa Group, Isfahan Oil Refinery, and National Iranian Copper Company mostly contributed to the rise of TEDPIX.

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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