Iran Fara Bourse ROI 76% in 10 Months
EghtesadOnline: In the trading week to January 30, the main index of Iran Fara Bourse (an over-the counter market for securities and other financial instrument in Tehran) IFX, registered 76% return on investment since the beginning of the current fiscal last March.
According to the Security and Exchange News Agency, the IFX declined 2.4% last week (Jan. 26-Feb. 1) and stood at 1,935 points.
The IFB Second Market trading grew 31% in volume and 106% in the number of deals last week, making it the best-performing IFB market among others of its kind.
Additionally, 1.8 billion shares worth 4.9 trillion rials ($40.6 million) were traded in the Second Market by Feb. 1 in 442,000 deals, indicating weekly growth in the value and volume of trade, Financial Tribune reported.
The First Market witnessed 7% and 22% decline in volume and value compared to a week earlier when 379 million shares worth 1.2 trillion rials ($10 million) changed hands.
The aggregate value of trade of debt securities, housing bonds, and exchange traded funds in modern financial markets amounted to 10.9 trillion rials ($84.7 million) during the same period -- up 5% in value compared with a week before.
Housing bonds worth 225 billion rials ($ 2 million) were traded last week, up 27% and 24% in value and volume. Also, 89 million ETF shares worth 1.3 trillion rials ($11 million) were traded during the same period. Additionally, the value of debt securities grew 10% compared to a week earlier.
The value of trade in all of IFB’s nine markets reached 20 trillion rials in the previous week.
As usual, base metals and chemical products topped the list of small trading, accounting for 17% and 11% of the total deals respectively.