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IFX Edges Down Amid Low Trade Volume

 IFX Edges Down Amid Low Trade Volume IFX Edges Down Amid Low Trade Volume

Lingering jitters weighed on the Iran Fara Bourse overall index (IFX) amid a lower trade volume during the week that ended April 29, IFB public relations reported.

More than 1.31 billion shares changed hands in 130,000 transaction rounds, valued at about 5.94 trillion rials or ($179 million).

The IFX with a slight increase settled in 740.8, and the IFB’s total market capital ticked down to $2.8 billion.

According to the report, more than 90 million shares changed hands in the IFB’s first market, valued at $9.6 million. In addition, 647 million shares changed hands at the IFB’s second market, valued at close to $53 million. The base market registered the trade of 289 million shares, valued at around $7.5 million.

Base metals topped other listed industries at the IFB in terms of trade volume. Petroleum and chemicals with close to 21 and 14 percent followed base metals and took the second and third place respectively.

 

Financialtribune.com