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IFB Jumps 2.9%

IFB Jumps 2.9%IFB Jumps 2.9%

Iran Fara Bourse’s main index IFX climbed 20.5 points or 2.93 percent to close at 723.63 and post a dramatic surge on Monday trade propped up by Tehran Oil Refining Company and Iranian Investment Petrochemical Group’s performance. As IFB reported, more than 104 million securities were traded valued at $36 million. TORC with more than 14 million shares valued at $2.4 million recorded the highest daily trade among the listed firms at IFB.  The highest growth in share value was registered for TORC, Fan Ava Company and Shiraz Oil Refining Company, as many investors lined up to garner their shares. However, Amir Kabir Petrochemical Company recorded the biggest decline in the value of its shares. The fixed-income securities markets witnessed the trade of 300,000 leasing bonds. Moreover, Etemad Fund, with the trade of 536,700 units, registered the highest daily trade volume.

Financialtribune.com