IFX Hit an All-Time High in September

Following the bull run in Iran capital market, Iran Fara Bourse overall index, IFX, shot up 672.2 points or 43.2% to close at 2228.6 on September 30 which was an all-time high for IFX.
Total Iran Fara Bourse Stock Exchange (IFB) capitalization closed up at US$ 59.06 billion, increased by 36% since the previous month.
The Total number of trading days in September 2018 amounted to 21 days and the daily average volume of trades accounted for 1,048.9 million sheets worth 146.7 million dollars, up about 43% and 30% respectively from August 2018.
Furthermore, overall 22,027 million sheets worth 3,080 million dollars of securities traded on September 2018 on IFB up 363% and 175% from September 2017.
Notably, value traded of the Listed Equity i.e. First and second markets, SME and Base market (A) amounted to US$ 897.25 million and value of trades for Unlisted Equity i.e. Base Market (B&C) accounted for US$ 648 million indicating a growth of 27% and 254%, respectively.
Meanwhile, the total volume traded of the Listed securities or Structured Financial Products (i.e. ETFs, Mortgage Rights, Debt Market and Underwriting) reached 442 million sheets (up 47%) worth US$ 1536 million (up 13%).
Finally, Base Metals and Chemical Products are the top two sectors in terms of the value of trades in the equity market (excluding block trades) contributing 19% & 12% to the total amount (value of trades).