IFB Weekly Trade Value Up 20%
Economy, Business And Markets

IFB Weekly Trade Value Up 20%

Trade at Iran Fara Bourse rose 20 percent in value for the week ending June 17 compared to the previous trading week with chemicals accounting for the lion’s share of trades.

Exchange-traded funds and base metals took the second and third place respectively, IFB reported.

Despite the surge in trade value, trade volume posted about 48 percent decrease.

IFB benchmark IFX experienced 1.2 percent growth and settled at 700.13. More than 439 million securities were traded in 60,000 transactions, valued at about $181.6 million.

The IFB’s total market value increased 1.6 percent to stand at around $26.53 billion.

Close to 48 and 208 million securities were traded in the primary and secondary market valued at $4.18 and $27.6 million respectively. In addition, 74 million securities worth $3.18 million were traded at the base market. The modern financial instrument market recorded the trading of 13 million securities priced at $111.5 million.

The primary market posted 5 and 9 percent growth in trade volume and value respectively. The secondary market witnessed 7 and 15 percent hike in trade volume and value respectively. The modern financial instrument market recorded 58 and 12 percent surge in trade volume and value respectively.

Meanwhile, 51 percent of Qeshm Oil Investment Company’s shares were traded as well as those of Fan Ava Company (accounting for 20 percent of the company’s total shares) in block trading.


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