Iran Fara Bourse’s index rises 8%

April 27, 2019

TEHRAN- IFX, the main index of Iran’s over-the-counter (OTC) market, known also as Iran Fara Bourse (IFB), has risen eight percent since the beginning of current Iranian calendar year (March 21, 2019), IRNA reported.

Based on the already released reports and data, Iran’s exchange markets witnessed fruitful performances and results in the past Iranian calendar year.

As reported, IFX touched a new record high in the past year, as it gained more than 100% to stand at 2,258 points on March 19, 2019.

The number and worth of trades at IFB increased 89 percent and 71 percent, respectively, in the past year compared to its preceding year.

Monthly average value of trades at the First and Second markets of Iran Fara Bourse amounted to 287.622 billion rials (about $6.8 million) and worth of trades at the Base Market accounted for 170.418 billion rials (about $4.05 million). This year total volume of trades at the First, Second and Base markets (i.e. IFB stock market) reached 165,586 million shares; all witnessed an increase of 75 percent-191 percent.

Meanwhile, as Shapour Mohammadi, the head of Iran’s Securities and Exchange Organization (SEO), has previously announced the value of trades at Tehran Stock Exchange (TSE) and IFB rose 80 percent during the past year.

Making the remarks in the inaugural ceremony of 12th International Exhibition of Exchange, Banks and Insurance of Iran (IRAN FINEX 2019), which was held at Tehran Permanent International Fairgrounds last week, the official referred to 80 percent growth of financing in the country’s capital market during the past year, and noted that it indicates the good status of this market.

MA/MA

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