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IFB Weekly Trade Up

IFB Weekly Trade UpIFB Weekly Trade Up

Trade at Iran Fara Bourse during the week that ended August 5 saw a tangible increase compared with the previous week, although IFB’s market cap posted a 8.8% drop. According to IFB report, more than 1.59 billion securities were traded valued at $147.4 million to record 93% and 14% surge in trade volume and value respectively. The benchmark IFX with 0.9% retreat settled at 778. The banking sector topped the list of weekly gainers at IFB followed by hotels, restaurants and chemicals. The Primary Market witnessed the trade of 93 million securities valued at $7.48 million to register 35% and 59% jump in trade volume and value respectively. More than 258 million securities worth $19.51 million sold at the Secondary Market to post 38% and 21% increase in trade volume and value respectively. The Base Market saw the trade of 866 million securities valued at $31.81 million to record 150% and 123% surge in trade volume and value respectively.

Financialtribune.com