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Dramatic Upsurge in IFB Weekly Trade

Dramatic Upsurge in IFB Weekly TradeDramatic Upsurge in IFB Weekly Trade

Trade volume and value at Iran Fara Bourse in the week that ended June 24 saw an unprecedented growth compared to the prior week, with the Base Market leading the hike by 1,926 and 2,600 percent in volume and value respectively. As IFB reported, the Base Market filed the trade of about 1.5 billion securities valued at $86.2. All in all, more than 4.05 billion securities changed hands at IFB valued at around $494 million to post 824 and 172 percent growth in volume and value respectively during five days of trade.

The benchmark gained 37.4 points or 5 percent to stand at 735. IFB’s total market value soared 1 percent to reach $26.8 billion.

Close to 123 million securities changed hands in the Primary Market valued at 10.4 million to register 156 and 149 percent growth in volume and value respectively. The Secondary Market witnessed the trade of 364 million securities valued at $9 million to record 75 and 1 percent surge in volume and value respectively.

The Modern Financial Instruments Market recorded the trade of 20.9 million securities valued at about $338 million, which indicates a 55 and 204 percent surge in volume and value respectively. Oil, accounting for 21 percent of total weekly trade at IFB, came first followed by chemicals and base metals with 16 and 12 percent respectively.

Financialtribune.com