TEHRAN (Iran News) – The main index at Tehran Stock Exchange (TSE), Iran’s chief bourse, has risen to a record high, despite a recent surge in the prices of foreign exchange, which could have caused a fall in share investments. It said the price index, TEPIX, had also rallied by 1,737 to stand at 102,799 […]
TEHRAN (Iran News) – The main index at Tehran Stock Exchange (TSE), Iran’s chief bourse, has risen to a record high, despite a recent surge in the prices of foreign exchange, which could have caused a fall in share investments.
It said the price index, TEPIX, had also rallied by 1,737 to stand at 102,799 points, bringing the total value of Tehran Stock Exchange to more than 12,130 trillion rials (over $90.5 billion).
ISNA reported that TEDPIX, the main index at TSE, had increased by 4,942 points to reach a total of 332,567, a record high never seen on the market before.
The figures recorded on Sunday were slightly higher than a previous round of boom seen on the market on October 5, 2019, when TEDPIX stood at 327,305 and TEPIX topped 97,377 points.
A total of 4.772 billion shares were traded at TSE on Sunday at 544,880 times of exchange with an overall value of 23.09 trillion rials (over $172 million), said other reports.
One private bank, one major petrochemical company and several mining and metals groups were among those with highest-yielding shares in the market.
The ISNA report further said that trade in Iran Fara Bourse (IFB), an off-exchange market, was also booming on Sunday with the main index closing at 4,282 points, a 53-point increase compared to the previous day.
However, the report added that the IFB had accommodated a total of 388,000 share trades worth more than $410 million.
The latest rallies at TSE and IFB come despite a surge in the prices of foreign currencies in Iran that began following a government decision to increase the price of fuel last month.
That proves reports that shares have outperformed forex in attracting household savings as a major source of investment.
- source : Iran Daily, Irannews
