Iran Fara Bourse Grows 123% in 9 Months
EghtesadOnline: Benchmark of Iran Fara Bourse, over-the-counter stock market, stood at 5,031 points at the end of last trading session on Jan 1.
This was a 123% growth over the course of almost nine months since the beginning of the current fiscal year in March 2019.
Also, IFB’s market capitalization, the total market value of outstanding shares, registered 103% growth to cross 5,221 trillion rials ($40.3 billion) during the period, the IFB website reported.
A look at data on trade conducted during the last trading week to Jan 1 shows that the IFX gained 369 points -- 8% rise in one week, according to Financial Tribune.
About 10.42 billion securities worth 136 trillion rials ($1.05 billion) were traded in more than 1.77 million deals during five trading sessions last week.
The value of securities traded during the five days rose 89% compared to the same period last week. Likewise, the number of deals increased 7% compared to last week's corresponding period.
In terms of performance of industries operating in the IFB in the previous week, base metals topped the list with a trade value at 5.82 trillion rials ($44.95 million), accounting for 9% of the total value of trade.
It was followed by the mass construction and real estate industry with trade value at 5.5 trillion rials ($42.47 million) or 8% share of IFB’s total trade value.
Investment companies and chemical products jointly took third position with trade valued at 4.5 trillion rials ($34.7 million). Each category accounted for 7% of the total trade value.