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EghtesadOnline: Iran Fara Bourse main index was up 8.7% in the second month of 2019 as IFX shot up 168.3 points (8.7%) to close at 2,100.3. Market capitalization also increased by 3.4% in February.

The total number of trading days in February 2019 amounted to 18 and the daily average volume of trade reached 824.9 million worth 123.1 million dollars, down 7% and up 18% respectively from January, a press release from IFB said Sunday. 

Overall 14,849 million of securities worth $2,215 million changed hands on February on IFB , registering increases of 157% and 121% from February 2018.

Notably, value traded of the Listed Equity i.e. First and second markets, SME and Base market (A) amounted to $504.1 million and value of trades for Unlisted Equity i.e. Base Market (B&C) accounted for $441 million, down 11% from Jan. 2019, according to Financial Tribune.

The total volume of traded Listed Equities reached 7,391.05 million as of February. 

Likewise, the total volume of Listed securities or Structured Financial Products (i.e. ETFs, Mortgage Rights, Debt Market and Underwriting) reached 401.66 million worth $1.2 billion indicating an increase in both value and volume compared to February 2018.

Base Metals and Chemical Products are top two sectors in terms of value of trades in the equity market (excluding block trades) contributing 18% and 13% to the total amount (value of trades), respectively. 

Initial public offering of FKA Agriculture & Animal Husbandry Company (FKA) was made in February and each FKA share was priced at 8,300 rials.

Furthermore, in the first IPO that was the second in 2019 and the twelfth in the outgoing fiscal year, 60 million shares (20%) of FKA went public through Saba Tamin Brokerage Company.

 

Iran IFX Fara Bourse