TEHRAN- The volume of securities traded on the Iranian over-the-counter market, known as Iran Fara Bourse (IFB), rose by 33 percent during the first fourth months of the current Iranian calendar year (March 20-July 21, 2016), compared to the same period last year.

Some 29.654 billion securities valued at 137.46 trillion rials (above $3.9 billion) were changed hands at IFB, recording 33-percent and 8-percent increase respectively year on year, Tasnim news agency reported on Sunday.

In the IFB primary market, above 3.58 billion of securities, worth 7.27 trillion rials (above $206.6 million), were traded in transaction rounds in the said time, illustrating a rise of 91-percent and 33-percent respectively, compared to the same period in the preceding year.

In IFB secondary market, more than 9.9 billion of securities at the total price of 33.64 trillion rials (above $956.2 million), were traded, showing a growth of 12 percent and 43 percent respectively, compared to the same time of the year before.

IFB is a market for securities and other financial instruments. It operates under official supervision of Securities and Exchange Organization. 

HJ/MG