Iran Fara Bourse climbs 9% in 1 month

Financial Tribune – Iran Fara Bourse’s main index IFX was up 304 points or 9% during the month to August 22 to stand at 3,579 points.

This indicates 59% growth during the five months since the beginning of the current fiscal year, IBENA reported.

A total of 30.35 billion securities valued at 182.27 trillion rials ($1.62 billion) changed hands in 5.3 million trades during the month.

The average daily volume of traded equity reached 1.51 billion and the average trade value was 9.11 trillion rials ($81.37 million) in the 20 business days in the month.

Chemical industries topped the list in terms of value of trade at 14.45 trillion rials ($129.01 million), accounting for 11% of total value of trade.

This was followed by mass construction and real estate with 12.83 trillion rials ($114.58 million), holding 10% share of IFB’s total value of trade, base metals industry 7.68 trillion rials ($68.6 million), investment companies 7.61 trillion rials ($67.94 million), and banks and credit institutions at 6.78 trillion rials ($60.57 million).