18289
Trade Volume at IFB Secondary Market Up 112%
Economy, Business And Markets

Trade Volume at IFB Secondary Market Up 112%

Close to 80 million securities changed hands at Iran Fara Bourse’s secondary market during the week that ended June 2, valued at a total of about $8 million to record a 112-percent surge in trade volume and a 2-percent rise in value compared with the same period of last year.
Overall, 240 million securities were traded in 49,000 transaction rounds at IFB, valued at more than $100.7 million in four trading days (Tuesday and Wednesday were holidays), to register declines in both trade volume and value. The IFB’s benchmark, IFX, inched down to settle at 710.
The first market witnessed the trade of 47 million securities valued at more than $4.48 million.
Close to 104 million securities were also traded at IFB’s base market, valued at $4.3 million. The Modern Financial Instrument Market registered the trade of 8.8 million securities, valued at $84 million.
Oil-based commodities, accounting for 19 percent of trades at IFB’s first, secondary and base markets registered the highest trade volume for a third consecutive trading week among other listed commodities at IFB.
Intermediary financial institutions and exchange traded funds with 10 and 9 percent took the second and third place respectively.

 MBS Trade on the Rise
The number of preferred mortgage-backed securities (MBS) at Iran Fara Bourse recorded 18 percent growth in the week ending May 27 compared to the previous trading week, the Central Securities Depository of Iran reported. As many as 5,449 home seekers purchased 205,011 preferred MBS in a bid to receive home loans, compared with 4,614 buyers purchasing 179,291 preferred MBS in the preceding week.
Trading preferred MBS was launched at IFB in 2010 and up to 20 different types of securities are currently being traded. The maximum incentives paid to the holders of preferred MBS for purchasing or repairing a residential unit is 450 million rials ($13,600 at market exchange rate), which are to be repaid within 12 years at a fixed 16% interest rate.

 

Short URL : http://goo.gl/X5as8y

You can also read ...

Iran, India Reinforce Economic Ties With Chabahar Deal
The development of the strategic Chabahar Port is becoming a...
3rd Turkish Border Gate With Iran to Operate 24/7
Turkey is working to keep a third border gate with Iran open...
Iran’s Industrial Management Institute released on Sunday the...
Apple Releases New Bug Fix
Apple has released iOS 11.2.6, which includes a bug fix for...
The number of residential construction permits issued in...
MPs Weigh FATF’s Impending Decision
As the 700 delegates from 203 jurisdictions of the Financial...
About 933.18 million shares valued at $49.28 million changed hands at TSE on Feb. 19.
Tehran Stock Exchange’s main index lost 152.17 points or 0.15...

Trending

Googleplus