Iran Fara Bourse Says Will Introduce 3 New Indices

Iran Fara Bourse (IFB) will announce three new indices in the coming days to help investors and analysts get a better grasp of the market, Majid Eshqi, head of the Security and Exchange Organization of Iran, said. 
"So far we had only one index for IFB. By introducing new indices investors will be able to better explore and analyze the market. In fact, new indices, especially weighted indices, were needed to help address the problems created due to the variety in the market value of companies and market  concentration," IBENA quoted him as saying. 
According to the official, a special committee for indices at SEO has approved releasing equal-weighted indices, price index and price weighted index by the IFB. The three indices will be available on TSETMC.ir in near future.