{"id":3712,"date":"2017-12-30T13:43:37","date_gmt":"2017-12-30T13:43:37","guid":{"rendered":"http:\/\/en.azpar.com\/?p=3712"},"modified":"2018-01-21T12:27:05","modified_gmt":"2018-01-21T12:27:05","slug":"tedpix-ends-trading-week-2-5-higher","status":"publish","type":"post","link":"https:\/\/en.azpar.com\/?p=3712","title":{"rendered":"TEDPIX Ends Trading Week 2.5% Higher"},"content":{"rendered":"

TSE\u2019s main index TEDPIX jumped 2,391 points or 2.5% during the week that ended on Dec. 27 to close at 97,899.2.<\/p>\n

The benchmark index of the smaller over-the-counter exchange Iran Fara Bourse gained 0.8 points or 0.1% during the week to stand at 1,082.6.<\/p>\n

TSE bulls faced benchmark correction on Tuesday after hitting an all-time high of 98,358 the day before.<\/p>\n

Further pressure mounted on Wednesday and lowered TEDPIX to below 98,000.<\/p>\n

IFB also followed a similar pattern and rushed to 1,105 on Monday only to shed 22 points in the next two days.<\/p>\n

Global markets\u2019 holidays and companies\u2019 upcoming nine-month performance reports were the main reasons behind the stocks\u2019 Tuesday and Wednesday decline, according to the Persian daily Donya-e-Eqtesad, with primary market drivers such as base metal producers, miners and refineries snapping their upward momentum.<\/p>\n

Even copper and crude oil\u2019s post-Tuesday record-breaking growth could not stem the sale tide. Copper crossed $7,200 and crude broke past $60.3\u2013the highest in two and a half years\u2013this week. The positive effect of commodities\u2019 growth will most likely boost next week trade.<\/p>\n

The forex market was also up this week, as USD gained 0.21% to reach 42,030 rials. This is the greenback\u2019s highest against the rial in about two weeks and is bound to further boost capital market\u2019s exporting firms.<\/p>\n

Euro was on an even sharper trajectory as it grew 0.93% to 50,640 rials during the week to reach its 18-day high.<\/p>\n

Over 5.2 billion shares valued at $318.2 million were traded on TSE last week. The number of traded shares and trade value dropped by 26% and 14.1% respectively compared to the previous week.<\/p>\n

Trading at Iran\u2019s stock markets starts on Saturday and ends on Wednesday.<\/p>\n

TSE\u2019s First Market Index gained 1,433 points or 2.1% to end at 69,550.1. The Second Market Index rose by 6,495 points or 3.22% to close at 208,420.9.<\/p>\n

At IFB, with a 23% share of weekly trade, base metal shares were the market leaders, followed by chemicals with 22%, and transportation, storage and communications with 6%.<\/p>\n

More than 1.55 billion securities valued at $179.7 million were traded at the over-the-counter exchange. The number of traded shares and trade value shrank by 30% and 71% respectively week-on-week.<\/p>\n

IFB\u2019s market cap gained $211 million or 0.7% to reach $29.56 billion.<\/p>\n

Its First Market witnessed the trading of 199 million securities valued at $8.9 million, indicating a 40% and 35% drop in the number of traded securities and trade value respectively.<\/p>\n

About 722 million securities valued at $44.9 million were traded in the Second Market, with the number of traded securities and trade value shrinking by 27% and 26% week-on-week respectively.<\/p>\n

Over 3 million debt securities valued at $68.5 million were also traded at IFB, dropping 85% and 86% in the number of bonds traded and their value respectively.<\/p>\n

Exchange-traded funds, however, picked up 33% and 5% in the number of shares traded and value to reach 127 million worth $32.09 million.<\/p>\n

Housing mortgage rights\u2019 trade was similarly on the rise, reaching 400,000 securities worth $7 million, up 25% and 24% respectively.<\/p>\n

\"download<\/a>\u00a0\u00a0\"download\"<\/a><\/p>\n

source:<\/p>\n

2017,\u00a0TEDPIX Ends Trading Week 2.5% Higher, \u00a0Saturday, December 30<\/span>, p.1,<<\/span><\/a><\/em><\/em>http:\/\/www..financialtribune.<\/em>com\/><\/em><\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

TSE\u2019s main index TEDPIX jumped 2,391 points or 2.5% during the week that ended on Dec. 27 to close at 97,899.2. The benchmark index of the smaller over-the-counter exchange Iran Fara Bourse gained 0.8 points or 0.1% during the week to stand at 1,082.6. TSE bulls faced benchmark correction on Tuesday after hitting an all-time […]<\/p>\n","protected":false},"author":1,"featured_media":3714,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6,28,31,1],"tags":[],"class_list":["post-3712","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-news","category-news","category-news-events","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/en.azpar.com\/index.php?rest_route=\/wp\/v2\/posts\/3712","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/en.azpar.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/en.azpar.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/en.azpar.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/en.azpar.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3712"}],"version-history":[{"count":8,"href":"https:\/\/en.azpar.com\/index.php?rest_route=\/wp\/v2\/posts\/3712\/revisions"}],"predecessor-version":[{"id":4203,"href":"https:\/\/en.azpar.com\/index.php?rest_route=\/wp\/v2\/posts\/3712\/revisions\/4203"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/en.azpar.com\/index.php?rest_route=\/wp\/v2\/media\/3714"}],"wp:attachment":[{"href":"https:\/\/en.azpar.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3712"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/en.azpar.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3712"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/en.azpar.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3712"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}