Iran Fara Bourse hits record high

September 16, 2018

TEHRAN – IFX, the main index of Iran’s over-the-counter (OTC) market, known also as Iran Fara Bourse (IFB), hit a record high of 1,771 points on Friday, gaining 62 percent since the beginning of the current Iranian calendar year (March 21), IRIB reported.

The IFB benchmark index has gained 14 percent since the beginning of the sixth Iranian calendar month of Shahrivar (August 23), the report added.

During the week from September 8 to 12, 5.18 billion securities worth 30.98 trillion rials (about $737 million) were traded, showing 29 percent in terms of volume and 54 percent in terms of value, compared to the preceding week.


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