Iran Fara Bourse main index touched new highs in the financial year that ended on March 20. According to a press release by IFB, the benchmark index IFX gained more than 100% in the previous year.
IFX reached record levels standing at around 2,258 on March 19, 2019. IFB’s main index soared about 1,161 points gaining more than 100% in the Iranian year 1397 (March 2018-2019).
Winter ended with an increase of 75% in IFB market capitalization, reaching 2,572,349 billion rials.
In 241 trading days of the last Iranian fiscal that coincided with IFB’s 10th anniversary, overall 170,190 million securities worth 1,017,115 billion rials changed hands, up 89% and 71% respectively compared to the previous year.
Monthly average trade volume accounted for 14,182 million worth 84,760 million rials. The value traded in the first and second markets amounted to 287,622 billion rials and value of trade in the Base Market reached 170,418 billion rials.
Notably, the SME market hosted trading of 64 million shares worth 457 billion rials, up 95% and 153% in volume and value, respectively.
Structured Financial Products Market, Second Market and Base Market are respectively the top three markets in terms of the highest annual value of transactions.
In the Structured Financial Products Market (i.e. ETFs, Mortgage Rights, Debt Market and Underwriting) 4,504 million securities worth 558,211 billion rials changed hands during the year -- significantly higher compared to the Iranian year 1396 (the previous fiscal).
Moreover, 28 series of Islamic Treasury Bills and 36 Mortgage Rights (57% increase), 66 series of fixed income bonds and 20 ETF (18% increase) were listed in this period and overall more than 66 million notes worth 64,481 billion rials were underwritten.
Base metals and chemical products were the top two sectors in terms of the value of trade in the equity market (excluding block trades) contributing 18% and 13% to the total amount in the period.
Finally, 15 companies went public through book building methods and Iran Fara Bourse stock exchange hosted the initial public offering of Ghadir Petrochemical Co., Neishabour-based Binaloud Agriculture and Animal Husbandry Co., Ghiam Esfahan Agricultural and Livestock Co., Atrin Nakh Qom Co., Kish Parsian E-Commerce Co., Avicenna Laboratories Inc., Ghaed Basir Petrochemical Co., Gohar Zamin Iron ore Co., Maadiran Group, Isfahan Kesht Agricultural, Dashte Khoramdareh Poultry and Livestock and Agro-Industrial Complex, Kermanshah Zagros Power Plant, Moalem Insurance Co. and Mahan Chicken Meat Production since the beginning of the year ago (ended March 20).
Intellectual Property Market
The intellectual property (IP) market hosted sale of a trademark and two inventions in past year.
The intellectual property market list of IPOs, containing trademarks, inventions and industrial designs, totaled 251 by the end of March 2017, but increased to 318 by the end of the last Iranian fiscal.
Notably, FINSTARS, an International Event, which is an initiative of Iran Fara Bourse focusing on startups with innovative ideas on the financial services industry was held successfully last year.
The main purpose of FINSTARS is to build collaboration and partnerships among the industry players, including Fintech startups, founders, established financial services and technology firms, venture capital funds, angel investors, financial institutions and regulators to share ideas about the present and future innovations in the ecosystem.
As such, ‘Finstars Plus’, which is a sub-event of Finstars will be held at the Tehran International Exhibition Fairgrounds later this month and will offer mentoring, networking and financing courses with the participation of entrepreneurs and innovators.
