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IFB Monthly Report

IFB Monthly ReportIFB Monthly Report

 More than 3,743 million securities changed hands worth around $807 million at Iran Fara Bourse during the month that ended May 21, IFB public relations reported.

Close to 347 million securities, valued at a total of $33.8 million, as well as 2097 million securities valued at about $189 million changed hands at the IFB’s First and Secondary Market. IFB’s Modern Financial Market reportedly saw the trade of 23 million securities during the month, worth close to $530 million.

The IFB’s benchmark tumbled 3.1 percent to settle at 727 to catch up with the Tehran Stock Exchange downtrend during the same month.

Monthly trade volume and value were accompanied by a downtrend in comparison with the previous trading month, with the Secondary Market recording the highest decline of 53 percent.

Base metals remained the leading industry at the IFB. Oil petroleum and chemicals with 18 and 14 percent followed base metals respectively.

The approval and lunch of Tabriz Subway project and Kordestan Cement Company participatory bonds, along with the offering of Amir Kabir Petrochemical Company shares were among the most important events the IFB experienced over the one-month period.

 IFX Weekly Trade Up

Also according to IFB report, about 803 million securities changed hands, valued at $205.7 million during the week that ended on May 20, registering 16 and 4 percent growth in trade volume and value respectively.

The First and Secondary Market failed to post growth in trade volume and value, however, the Base Market and Modern Financial Market registered 27 and 30 percent surge in trade value respectively.

Petroleum, real-estate and chemicals were the leading industries in the one-week period.

Financialtribune.com