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Code: 52011 Visited: 65 Publish Date: Sep 29 2018 - 3:54
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IFB
Around the 10th Anniversary of IFB Founding
IFX Consecutive Record-Breaking Continues
Tehran, Sep. 29 (SENA) - Recently consecutive record-breakings are witnessed in Iran capital market and of course IFB overall index, IFX, is no exception: it’s setting new records high around its10th anniversary of founding.

Tehran, Sep. 29 (SENA) - Recently consecutive record-breakings are witnessed in Iran capital market and of course IFB overall index, IFX, is no exception: it’s setting new records high around its10th anniversary of founding.

Today, the 28th of September, is Iran Fara Bourse anniversary of operations. This stock exchange which is founded in 2008 now reached maturity in terms of market development and statistics both of which will be explained in what follows.

Launched in September 2009, Iran Fara Bourse Stock Exchange (IFB) set out to securitize numerous types of asset classes and liabilities to create a platform of diversified opportunities for sustainable growth.

In its first year of operation, Listing and Trading Directives had been ratified and announced and four companies were listed and then offered to the public in IFB thus the very Stock Exchange officially started operating.

After 9 years of Operations and around the 10th anniversary of its founding, shares of almost 280 companies are now trading on IFB’s markets.

Iran Fara Bourse now encompasses nine markets which are as follows: First and Second Markets, Third Market, Base Market A, Base Market B, Base Market C, SME Market, Structured Financial Products, and Derivatives.

All kinds of financial instruments and products (like ETF, Islamic Treasury Bills Mortgage-Backed Securities, Certificate Of Deposite, Mortgage Rights, Venture Capital Fund, and Construction Fund) approved by the Securities and Exchange High Council could be listed and traded in Structured Financial Products market.

Notably, different kinds of Sukuks like Murabaha, Ijara, Musharaka, and Manfaah were introduced by IFB for the first time in Iran capital market during these years.

According to IFB authorities, through the very exchange mechanisms trading of  intellectual properties, patents, industrial designs, and trademarks and Mergers and Acquisitions are getting completed.

Furthermore, Iran Fara Bourse unveiled its overall index, IFX, in 2013 in which year IFB got FEAS (Federation of Euro-Asian Stock Exchanges) and OICE membership pursuing its international goals.

Finally, Statistically speaking, IFB market capitalization raised from 2923 billion rials in 2009 up to over 2 trillion rials and IFX which is in a bull run recently stopped at 2071 on September 26, 2018.

 

 
By: Security and Exchange News Agency (SENA)
 
 
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