Economy, Business And Markets

IFX Stages Uptick

IFX Stages UptickIFX Stages Uptick

Iran Fara Bourse’s main index, IFX, rose 6.4 points or 0.93 percent to conclude the week’s first working day at 697.91, IFB reported.

More than 77 million securities changed hands valued at about $30.3 million with Tukarail Company’s rights offerings registering the highest trade volume and value.

Ravan Fan Avar Industrial Engineering Company recorded the highest rise in its shares’ value. Saman Insurance took second place.

Iranian Investment Petrochemical Group, Marun Petrochemical Company, Jam Petrochemical Company, Esfahan Steel Company and Pasargad Oil Company had the most positive impact on IFX.

Tukarail Company’s rights offerings, Karafarin Insurance and Taknar Company were accompanied by the highest retreat in their shares’ value. Mortgage-backed securities’ value swung between 720,000 to 740,000 rials per security.

The underwriting of Ganjineh Ayandeh Roshan Exchange-Traded Fund’s units was initiated in IFB’s Third Market for three working days.

Modern Financial Instrument Market recorded the highest trade volume for Etemad Fund with about 944,640 units changing hands. Fixed-income market witnessed the trade of 64,870 leasing bonds on Saturday trading.