TSE Rallies to Daily Record of 668,320
TEHRAN (Dispatches) - Tehran Stock Exchange (TSE) recorded its biggest daily jump as the main index in the market topped an all-time high of 668,320 points.
Reports in the local media said TSE 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 percent 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.
Reports in the local media said TSE 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 percent 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.