Economy, Business And Markets

IFX Edges Down

IFX Edges DownIFX Edges Down

Iran Fara Bourse’s main index, IFX, extended its downtrend, and ticked down 6.1 points or 0.86 percent to catch up with Tehran Stock Exchange and end at 702.71 at Sunday’s close. More than 66 million securities changed hands in a red trading day, valued at a total of about $21 million to surpass daily trade value at TSE. Tourism Bank with more than 6,000,000 stakes recorded the highest trade volume. Tehran Oil Refining Company extended its reign and with about $1.12 million, registered the highest trade value for the 4th consecutive trading day. Iranol Oil Company along with Pasargad Insurance Company and Tourism Bank almost capped their price volatility at IFB to register the highest price rise. EN Investment Company and Taknar Company lost ground and recorded the highest price decline among the listed companies at IFB. The highest trade volume among IFB exchange traded funds was recorded for Etemad Fund with around 1 million units. In addition, 100,000 leasing bonds were sold out in Fixed-Income Securities Market.