Economy, Business And Markets

Dramatic Hike in IFB Daily Trade

Dramatic Hike in IFB Daily TradeDramatic Hike in IFB Daily Trade

Daily trade at Iran Fara Bourse reached about $91.8 million to post a 202-percent surge at Saturday’s close compared with the same day of last week.

As IFB reported, more than 108 million securities were traded at about 14,000 transactions to help IFX edge up 2.43 points or 0.35 percent and close at 702,56.

Iranian Investment Petrochemical Group, with the trade of 27 million shares valued at about $1.3 million, recorded the highest trade both in terms of volume and value among the listed firms at IFB.

Taknar Copper Mines Complex Company reached its daily volatility cap of 5 percent, registering the highest rise in value.  Tuka Rail Company’s rights offerings and Khazar Sea Shipping Lines Company’ shares posted the highest decline in value.

The fixed-income market witnessed the trade of 549,120 participatory notes valued at $17 million. The highest trade volume among listed exchange-traded funds was recorded for Parsian Etemad Afarin Fund.