Economy, Business And Markets

IFB Catches Up With TSE

IFB Catches Up With TSEIFB Catches Up With TSE

The Iran Fara Bourse (IFB) main index, IFX, extended its uptrend and notched up 10.22 points or 1.22 percent to stand at 729.65 on Tuesday trading to catch up with the Tehran Stock Exchange.

The bourse recorded trade of more than 118 million securities valued at 616 billion rials, according to IFB public relations.

Hormozgan Steel Company registered the highest trade volume and value, with around 9.9 million shares, valued at 14.8 trillion rials, changing hands.

Lavan and Shiraz oil refining companies were the investors’ safe haven, as their shares managed to record the highest surge in value. Novin Insurance Company, Fan Ava Company, and Minoo Group, on the other hand, saw their shares value nosedive.

According to the report, Jam Petrochemical Company, Marun Petrochemical Company, and Tehran Oil Refining Company gave the biggest boost to the IFX.

Fixed-income market witnessed the trade of 100,370 rental bonds. Moreover, Atlas Fund, with up to 1.04 million shares, topped the other listed exchange traded funds at the IFB.