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IFX Snaps 6-Day Losing Streak

IFX Snaps 6-Day Losing StreakIFX Snaps 6-Day Losing Streak

Iran Fara Bourse’s main index IFX added 3.7 points or 0.54 to close at 684.3 on Saturday, snapping a six-day losing streak

According to IFB, some 180 million securities valued at over $260 million changed hands.

Iranian Investment Petrochemical Group recorded the highest daily trade volume and value among listed companies at IFB with 9.2 million shares transacted worth $4.2 million.

Pardis Housing Insurance Company, Shomal Shargh Shahroud Industrial and Mining Company and Ravan Fanavar Engineering Corporation recorded the highest rise in shares’ value. Chahar Mahal Sugar Company, Shirvan Sugar Company and Lia Company posted the highest decline in value.

Lia Company, Isfahan Steel Company, Tehran Oil Refining Company, Iranian Investment Petrochemical Group, Bank Day, Shirvan Sugar Company and Chahar Mahal Sugar Company were on the investors’ radar.

Etemad Fund with 3.2 million shares outperformed other listed exchange-traded funds. Furthermore, more than 30,900 leasing bonds of RighTel were sold out.

Financialtribune.com