Economy, Business And Markets

IFB Weekly Trade Up

IFB Weekly Trade UpIFB Weekly Trade Up

Iran Fara Bourse saw a 102% surge in the number of transactions during the week that ended July 29, compared with the previous trading week. According to IFB, a total of 652 million securities traded at IFB valued at $128.8 million to record a 24% fall and a 9% rise in trade volume and value respectively. The benchmark IFX tumbled 2.3% to settle at 784. IFB market cap also slipped 1.6% to reach $27.4 billion. The Primary Market witnessed the trade of 69 million securities valued at $5.24 million to post an 8% and 31% decline in trade volume and value respectively. The Secondary Market recorded the trade of 207 million securities worth $16 million, indicating a 3% increase and 12% decrease in trade volume and value respectively. Around 346 million securities changed hands in the Base Market valued at $14.3 million. Some 30 million securities traded in Modern Financial Instruments Market valued at $93.2 million. The chemicals sector was the week’s top gainer followed by exchange-traded funds and base metals.