IME Listed on Fara Bourse
IME Listed on Fara Bourse

IME Listed on Fara Bourse

IME Listed on Fara Bourse

Iran Mercantile Exchange was listed on the over-the-counter exchange Iran Fara Bourse on Sunday. Head of IFB Amir Hamouni and IME chief, Hamed Soltani-Nejad, attended the inaugural ceremony at the IFB headquarters in Tehran. According to Hamouni, IME is the first exchange market listed on IFB. The mercantile exchange went up for price discovery on IFB’s primary, or A board, which only enlists the most transparent and liquid financial institutions. It is followed by B and C boards that are ranked lower in terms of transparency and liquidity. IME requested to be listed on IFB back in November. “Entering Fara Bourse helps IME to take another step toward increased transparency,” Soltani-Nejad was quoted as saying by SENA. He added that this will help both market managers and investors better evaluate IME’s performance. Founded in 2006, IME trades in agricultural, industrial and petrochemical products in the spot and futures markets. The market added gold certificates of deposit to its arsenal this year, complementing its gold coin futures trading. Emulating NASDAQ, IFB is Iran’s second largest equity market in size, with a $27.5 billion market cap.

Short URL : https://goo.gl/ctRO0g
  1. https://goo.gl/HvDG6S
  • https://goo.gl/GnR242
  • https://goo.gl/Ew8ZQF
  • https://goo.gl/06M7AM
  • https://goo.gl/oL6WTt

You can also read ...

Indian Cabinet Clears Tax Treaty With Iran
The Indian Cabinet on Wednesday cleared a double taxation...
(From L) Foreign ministers of Azerbaijan, Elmar Mammadyarov; Georgia, Mikheil Janelidze; Iran, Mohammad Javad Zarif; and Turkey, Mevlut Cavusoglu meet in Baku on March 15.
The foreign ministers of Turkey, Azerbaijan, Georgia and Iran...
Iran National Pavilion Opens  in Shanghai Free Trade Zone
Iran National Pavilion has been launched in the Shanghai Free...
Spotify Touts Growth Over Profits in Listing Pitch to Retail Investors
Streaming music leader Spotify used its cultural cool factor...
Facebook Bans Far-Right British Group
Facebook has banned the far-right political group ‘Britain...
Farshad Heydari (C) addresses a press conference in Tehran. 
The controversy surrounding the high number of Iranian bank...

Add new comment

Read our comment policy before posting your viewpoints