Economy, Business And Markets

IFX Keeps Sliding

IFX Keeps SlidingIFX Keeps Sliding

Iran Fara Bourse’s benchmark plunged 15.35 points or 1.99% to stand at 757.75 on Monday amid a bleak outlook for industries in the near future. As IFB reported, more than 120 million securities were traded valued at $38.98 to post a dramatic surge in daily trade value, which was mainly propped up by Isfahan Oil Refining Company’s reopening for trade. Bank Day once again topped the highest daily trade volume and Isfahan Oil Refining Company with $655,454 recorded the highest trade value among listed companies at IFB. Taknar Copper Company, Marjan Kar Company and Northwest Housing Investment Company posted the highest rise in their shares’ value. However, Tehran Oil Refining Company’s rights offerings and Shirvan Sugar Company witnessed the highest retreat.  Ganjineh Ayandeh Roshan Fund posted the highest trade volume among listed exchange-traded funds at IFB. About 30,000 leasing bonds with a three-month maturity were sold out on Monday.