Economy, Business And Markets

IFB Trade Value at 3-Week High

IFB Trade Value at 3-Week High
IFB Trade Value at 3-Week High

Iran Fara Bourse recorded the highest trade value since April 21, with 164,530 shares changing hands, valued at $72.24 million, IFB public relations reported.

IFB’s main index snapped its losing streak to catch up with the Tehran Stock Exchange. The IFX notched up 8.8 points or 1.24 percent to settle at 719.46.

The highest trade volume (around 18 million shares) was recorded for Hormozgan Steel Company, valued at a total of $813,876.

Arfa Iron and Steel Company, Zangan Zinc Industry Company and Bahman Leasing Company registered the highest surge in their stakes’ value among other listed companies at the IFB.

Marun Petrochemical Company, Jam Petrochemical Company, Tehran Oil Refining Company, Lavan Oil Refining Company, Shiraz Oil Refining Company, Iranian Investment Petrochemical Group and Tourism Bank had the most positive impact on the IFB’s benchmark. However, Fan Ava Company, and Amirkabir Petrochemical Company left the most negative impact on the IFX.

Fixed-income bonds witnessed the trade of 480,000 rental bonds. In addition, Nasim Fund with 202,000 bonds had the highest trade volume among listed exchange traded funds at the IFB.