Iran’s main stock exchange records biggest daily jump ever
Iran’s main stock exchange the TSE has recorded its biggest daily jump as main index in the market tops an all-time high of 668,320 points.
Reports in the local media said Tehran Stock Exchange main index TEDPIX rose by 23,219 points on Saturday, a surge of 3.49 percent compared to figures recorded at the end of the previous day of trade in the market.
The biggest gains on shares were recorded for Mobarakeh Steel (MSC), Iran National Copper (NICICO) and Mapna Energy, said the reports.
TSE’s price index, known as TEPIX, also rose 3.52% to hit 233,507 points, as 5.7 billion shares changed hands in more than 804,000 number of trades.
Trades on Saturday added another $380 million to TSE’s total value, bringing it to over 25,000 trillion rials (nearly 157 billion).
The figures recorded the strongest one-day performance for the TSE in history, said the local media reports.
It comes several days after a major government-run investment holding, known as Shasta, launched its initial public offering in a subsidiary market of the TSE known as Iran Fara Bourse (IFB) to attract 70 trillion rials, or around $440 million, in new finances.
Saturday was a busy day for the IFB too, where there is a cap on trades for securities and other financial instruments.
Reports said a total of 1.77 billion shares were traded in the market with a value of nearly 3 trillion rials ($187.5 million). That caused the IFB’a main index IFX to rise by 254 points to reach 8,438 points.
Investing in shares have become very popular in Iran over the past months as many businesses and households are no longer interested in low returns on gold or foreign currencies.
Iran reports slight increase in mining sector exports in April-October
Immunity of Iran’s shipping industry to illegal sanctions
Iran parliament committee approves to lower car import tariffs
VIDEO | 85% of Yemeni displaced people face daily hunger crisis
US House passes bill targeting charities and pro-Palestine groups
VIDEO | Supporting Gaza genocide
Hezbollah attacks Israeli forces after Lebanese homes blown up
World leaders, states hail ICC arrest warrants for Netanyahu, Gallant
MP: US accountable for possible Israeli 'foolishness' to attack Iraq
VIDEO | Israeli policies strangle Palestinian agriculture, economy
Iran's president offers condolences to Pakistan over terrorist attack
PressTV NEWSLETTER
now
This makes it easy to access the Press TV website
