Economy, Business And Markets

IFB Daily Market Cap Tops $71.5m

IFB Daily Market Cap Tops $71.5mIFB Daily Market Cap Tops $71.5m

Close to 144 million securities changed hands at Iran Fara Bourse on Tuesday trading, valued at more than $71.5 million, IFB public relations reported. The IFB recorded an almost flat trading day, with the benchmark inching up 0.58 points or 0.08 percent to settle at 727.25. Pasargad Oil Company, Tourism Bank, Tehran Oil Refining Company, and Shiraz Oil Refining Company had the most positive impact on the IFB’s gauge. Tourism Bank’s more than 53 million preferred shares, valued at $975,831, recorded the highest traded volume and value at the IFB. Tolidaru, Alborz Bulk Company, and Saman Insurance recorded the highest price surge among other listed companies at the IFB. However, KBC, Sabzevar Cement Company, and Railways Engineering Company were witnessing selloffs. Around 560,000 rental bonds with three month maturity were traded in the fixed-income securities. Nasim Fund, with 101,694 shares, registered the highest trade volume and value among listed exchange traded funds at the IFB. A block offering of Oil Industry Investment Company, with up to 51 percent of its share, is scheduled to go public on June 1.