Trade at TSE, IFB up 80% in a year

April 22, 2019

TEHRAN- The value of trades at Tehran Stock Exchange (TSE) and Iran’s over-the-counter (OTC) market, known also as Iran Fara Bourse (IFB), rose 80 percent during the past Iranian calendar year (ended on March 20, 2019), head of Iran’s Securities and Exchange Organization (SEO) announced.

Shapour Mohammadi made the remarks in the inaugural ceremony of 12th International Exhibition of Exchange, Banks and Insurance of Iran (IRAN FINEX 2019) which kicked off at Tehran Permanent International Fairgrounds on Monday, IRIB reported.

Referring to 80 percent growth of financing in the country’s capital market during the past year, the official also noted that it indicates the good status of this market.

IRAN FINEX is the most prestigious event concentrating on finance industries in Iran. It is the most important event in this field in the region that brings together all the companies operating in the financial sector under the same roof.

In this edition of the four-day exhibition, the latest achievements of banking industry, insurance, and capital market is being showcased.

Vice-President for Science and Technology Sorena Sattari, Finance and Economic Affairs Minister Farhad Dejpasand, Head of Central Insurance of Iran Gholamreza Soleimani, and Central Bank of Iran (CBI) Deputy Governor Akbar Komeijani attended the inaugural ceremony of the exhibit.

Mohammadi said this exhibition is not just limited to the capital market, while it is considered an important event in the country’s financial market.

MA/MA

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