Economy, Business And Markets

IFB Gauge Retreats

IFB Gauge RetreatsIFB Gauge Retreats

The Iran Fara Bourse main index (IFX) slipped 4.71 points or 0.66 percent amid bearish sentiment at the equity market, to end at 712.05, IFB public relations reported.

Close to 267,970 securities changed hands in 15,390 transaction rounds at the IFB, valued at a total of about $17.39 million.

Tourism Bank’s 60 million preferred shares, valued at around $1.09 million, registered the highest trade volume and value on Sunday trading.

The highest price hike was registered for Amir Kabir Petrochemical Company, Marjan-Kar Company, and Isfahan Steel Company (ISC). In addition, the ISC, Tehran Oil Refining Company, and Khorasan Petrochemical Company contributed the most to lift the IFX.

Middle East Mines & Mineral Industrial and Development Company’s preferred shares, Kharazmi IT Development Company, and Novin Insurance Company lost grip and recorded the highest price retreat at the IFB.

About 200,010 leasing bonds of Chadormalu Mining and Industrial Company were traded in fixed-income securities. In addition, ASAS Fund, with about 32,680 securities, recorded the highest trade volume among other listed exchange traded funds at the IFB.