IFX Set a New Record High This Week

For the week ended June 15, Iran Fara Bourse overall index, IFX, shot up 42 points or 3.8% to close at 1153.7 registering a new historic high.

A total number of 2,475 million sheets worth 10,728 billion rials were traded this week on IFB as compared to a total of 485 million securities valued at 3,428 billion rials that exchanged last week.

Trading in IFB’s First and Second market accounted for 1,764 million shares worth 2,906 billion rials contributing 71.1% & 27% to the total equity turnover volume and value respectively.

Also traded during this week on Structured Financial Products market (comprised of ETF, Mortgage Right and Debt Market tradings) were a total of 49 million sheets valued at 6,795 billion rials. IFB Base markets also hosted the trading of 662 million shares worth 1,026 billion rials this week.

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 31% & 10% to the total amount (value of trades).