Economy, Business And Markets

IFX Plummets 1.48%

IFX Plummets 1.48%IFX Plummets 1.48%

More than 90 million securities were traded at Iran Fara Bourse on Monday valued at over $468.47 billion as the main index IFX retreated about 10 points or 1.48% to close at 672.12. Chahar Mahal Sugar Company recorded the highest daily trade volume and value among listed companies at IFB with 7.5 million shares transacted worth $106 million. Eghtesad Novin Investment Company, Shirvan Sugar Company and Afranet Telecommunications Company recorded the highest rise in shares’ value. Lavan Oil Refining Company, Tadbirgaran-e Pars Company and ASP Company posted the highest decline in value. Lia Company, Isfahan Steel Company, Shirvan Sugar Company, Bank Day, Tehran Oil Refining Company, Pardis Housing Investment Company and Iranian Cultural Heritage and Tourism Investment Group were on investors’ radar. Etemad Fund with 4.8 million shares outperformed other listed exchange-traded funds. In addition, 43,390 leasing bonds of Rightel were sold out.