Iran Fara Bourse (IFB) on Sunday unveiled three new indices to help investors and analysts get a better grasp of the market, the CEO said.
"Three new indices, namely price index, equal-weighted indices and price weighted index, have been added to IFB market data at tsetmc.com as of Sunday," Mohammad Ali Shirazi was quoted as saying by SENA.
“So far we had one index for IFB. With the help of the new indices investors will be able to better explore and analyze the market. New indices, especially weighted indices, were seen as a need to help address issues created due to variety in the market value of some companies and market concentration,” Shirazi said.