Thursday 07 November 2024 - 20:02

Date: 08 February 2020 , 15:51

News ID: 8422

NEWS SERVICE: ECONOMY and TRADE

Exchange and Stocks Exchange & Stocks

TEDPIX grows 4% in a week

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

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.

As reported, 27.689 billion securities valued at 149.793 trillion rials (about $3.56 billion) were traded through 2.151 deals at TSE in that week, experiencing growth of 12.9 percent and 33.7 percent in the number and value of traded securities, respectively, while 54.2 percent rise in the number of trades.

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.

source: Tehran Times