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Iran Fara Bourse Reports 100% Returns

Iran Fara Bourse Reports 100% Returns  Iran Fara Bourse Reports 100% Returns

Data from Iran Fara Bourse, the country's junior stock exchange, indicates that its main index, IFX, posted a 100% returns on investment in the last fiscal that ended on March 20. 
Market capitalization showed 75% growth in 241 trading days to reach 2.57 trillion rials ($19 million).  The market participants traded an aggregate 170.1 billion securities worth 1,017 trillion rials ($7.8 billion) in over 24.7 million deals, the IFB news portal reported.  
IFB contributed 349 trillion rials ($2.7 billion) through initial public offering, Islamic treasury bills, stock subscription and capital increase during the period.
At the end of the previous fiscal, the IFX rose 1,161 points compared to the same period a year before to reach a record 2,258 points and register 106% growth.

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