inter@agah.com | (+98)21-82154469 & (+98)21-82154470 (Saturday to Wednesday, 8:00-17:00 IRST)
  • Home
  • Market Data
    • Fact Sheets
    • News & Reports
    • Debt Market
  • Blog
  • Brokerage
    • Trading License Application
  • Asset Management
  • Advisory
  • Investment Banking
  • Alternative Investment
  • FAQ
  • Home
  • Market Data
    • Fact Sheets
    • News & Reports
    • Debt Market
  • Blog
  • Brokerage
    • Trading License Application
  • Asset Management
  • Advisory
  • Investment Banking
  • Alternative Investment
  • FAQ

Blog

Home/News & Reports/Iran Capital Market Keeps Moving Forward – Daily Market News
Iran Capital Market

Iran Capital Market Keeps Moving Forward – Daily Market News

By Mojde Rezaee: 16 April 2018in News & Reports No Comments

Iran Capital Market Keeps Moving Forward

Market News

– In the 11th Iran FINEX inauguration speech, the Head of the Securities & Exchange Organization (SEO) of Iran enumerated the attempts done and steps taken in Iran Capital Market during the previous year and announced the actual and efficient measures being taken to tackle issues, including the reconsideration of base volume and introduction of dynamic fluctuations domain. He stated that by reforming rules and regulations pertinent to reopening and halting of tickers, the market liquidity has improved significantly. Furthermore, referring to the 25% return of the market over this period, he also added that the volume of trades has reached from IRR 195,000 bn in 2016/17 to IRR 247,000 bn in 2017/18.

– Over a meeting with attendees, including the Minister of Economic Affairs and Finance and Minister of Industries, Mines and Trade along with the governor of the CBI, Eshaq Jahangiri, as the first VP, announced the government intends to establish a new foreign exchange system and instilling transparency into its operations. In this regard and aimed at reinforcing the forex unification attempt, the government has also set new policies that put the banking system as the main role player in the forex market.


In the Market

The CBI data shows that investment in construction has seen a rise since the previous year and experienced a positive growth in 3 consecutive seasons; in fact, while investment figures had been significantly reduced in 2015/16 and 2016/17, they entered into the 2-digit zone in the first 9 months of 2017/18. Nearly the whole Construction group finished in the green.

Spare part mfg. companies are currently faced with the 30% rise in their production costs, which has led to proposing a 19% increase in vehicles’ prices. The majority of tickers in the Automotive space settled with good gains, led by Pars Khodro and Zamyad, growing more than 3%. Iran Khodro Diesel, Mashhad Ring Mfg. and Indamin Shock Absorber all closed with buy queues.

Institutionally supported, Bandar Abbas Oil Refining managed to enter the +1% zone in the middle of the session while most other tickers in the Oil Products group ended beneath their flat line. Pasargad Oil was the top gainer going up by 1.3%.

The Metals and Iron Ore spaces shed their prices in line with global market prices as well as hit by the recent forex rate unification at IRR 42,000, although a few like National Iranian Lead and Zinc, Zangan Zinc Industry and Navard Aluminum in the former managed to go up by 3% and 2%. The Ministry of Industries, Mining and Trade announced that $36 bn worth of loans have been granted to the mining sector in the first 11 months of 2017/18, which posts an 8.3% rise compared with the year before.






DISCLAIMER:  This report has been prepared and issued by Agah Brokerage Firm on the basis of publicly available information, internally developed data and other sources believed to be reliable. The information contained herein is not guaranteed, does not purport to be comprehensive and is strictly for information purposes only. Agah does not assume any liability for any direct, indirect or consequential loss that may result from the reliance by any person upon any such information or opinions. Any expressions of opinions are subject to change without notice. 

To contact reporters: Inter@agah.com

Share this article
0
0
0
Tags: Iran capital market

Written by Mojde Rezaee

International Affairs Expert

previous article

Iran FINEX 2018; gateway to international finance community! – Daily Market News

next article

Iran’s Full Commitment to its End of the Deal Confirmed Again – Daily Market News

Leave a Comment

Cancel reply

Categories

  • Blog
  • News & Reports

Useful Tags

Agah Brokerage Firm Agah Group Automotive Sector banking banking sector budget Chadormalu Mining and Industrial Company Codal Codal release construction Cultural Heritage Investment Group Daily Daily Market News EPS forecasted IFB inflation interest rate Iran Iran's economy Iran capital market Iran Economy Iran Fara Bourse Iran’s capital market Market Market Cap market overview Mellat Bank Mobin Petrochemical Co. News next year nuclear deal Nuclear Framework Agreement Petrochemical price to earning ratio Saderat Bank SEO Sina Chemical Industries Company Tehran Stock Exchange Trading Halts Trading Reopenings TSE TSE index value of trades volume of trades

Recent Posts

  • Iran Fara Bourse ready to carry out the first ITO in a regulatory sandbox! – Daily Market News February 13, 2019
  • Iran Central Bank reduces interest rates! – Daily Market News February 12, 2019
  • Iranian Banks to impose tax on deposits interest! – Daily Market News February 10, 2019
  • AGAH Mutual Fund Fact Sheet – December 2018 February 10, 2019
  • EU announces its Iran conclusion report! – Daily Market News February 6, 2019

Latest Comments

  • Switzerland is to dedicate a financial line to Iran humanitarian imports! | Accounting, Tax, Advisory, Assurance , Consultancy and Auditing Iran on Switzerland is to dedicate a financial line to Iran humanitarian imports! – Daily Market News
  • Money Supply figure reaches new highs in Iran Economy! | Accounting, Tax, Advisory, Assurance , Consultancy and Auditing Iran on Money Supply figure reaches new highs in Iran Economy! – Daily Market News
  • Iran Banking Sector needs almost 50% of GDP to revive! | Accounting, Tax, Advisory, Assurance , Consultancy and Auditing Iran on Iran Banking Sector needs almost 50% of GDP to revive! – Daily Market News
  • France to host, Germany to manage Iran dedicated SPV! | Accounting, Tax, Advisory, Assurance , Consultancy and Auditing Iran on France to host, Germany to manage Iran dedicated SPV! – Daily Market News

Contact Us

  • Agah Building, NO. 13, Pirooz St. Africa Ave, Tehran, IRAN
  • Tel: (+98) 21-82154469 and (+98) 21-82154470 (Saturday to Wednesday) | Fax: (+98)21-82154250
  • inter@agah.com
  • Persian
  • Persian Facebook Fan Page

Site Map

  • Home
  • Brokerage
  • Asset Management
  • Advisory
  • Investment Banking
  • Alternative Investment
  • FAQ
  • Newsletter

Partner in Research

  • Invest Direct

Customer Club

Bashgah.com

Copyright © 2015, Agah Group, All Rights Reserved.