EghtesadOnline: Institutional investors accounted for the lion’s share of trade at Tehran Stock Exchange during the second month of the current fiscal year (April 21-May 21).
Their trade comprised 79% and 76% of all purchases and sales respectively, ILNA reported.
Over 23.41 billion shares valued at $1.13 billion were traded on TSE last month. The number of traded shares and trade value surged by 143% and 183% compared to the month before.
Major institutional investors at TSE include pension funds like the Social Security Organization, as well as large banks and credit institutions, Financial Tribune reported.
Institutional investors increased their stakes in 23 industries with the top five being oil products with 602 billion rials ($14.33 million), base metals with 525 billion rials ($12.5 million), banks and credit institutions with 473 billion rials ($11.2 million), ferrous metal extraction with 380 billion rials ($9.04 million) and chemical products with 357 billion rials ($8.5 million).
Non-institutional investors were most active in trading of exchange-traded funds with 265 billion rials ($6.3 million), investment firms with 100 billion rials ($2.38 million), telecommunications with 76 billion rials ($1.8 million), “electricity, gas, heat and hot water” with 66 billion rials ($1.57 million) and “cement, lime and chalk” with 52 billion rials ($1.23 million).