29 Mar 2024
Wednesday 25 December 2019 - 15:56
Story Code : 366397

Iran Fara Bourse among top FEAS members

Financial Tribune - Iran Fara Bourse, over-the counter stock market based in Tehran, was ranked second in terms of value and volume of trade and the number of stockbroker companies handling IFB trade in 2018 among 15 members of the Federation of Euro-Asian Stock Exchanges (FEAS).

As per an FEAS report, the value of deals hosted by IFB reached 18 billion by the end of 2018. More than 24.5 million deals were handled by the market in the year. A total of 109 companies handled IFB trade in that year.

IFBs market capitalization-- the market value of a publicly traded company's outstanding shares -- jumped from 12.6 billion in 2017 to above 18 billion by the end of 2018, indicating 64% growth.
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