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 Debt Market enjoys +30% yields! – Daily Market News
6f71c7ac573c61531ef31a4a2606a056

Iran Debt Market enjoys +30% yields! – Daily Market News

By Alireza Hojjatnia: 20 June 2018in News & Reports No Comments

Iran Debt Market enjoys +30% yields!

Market News

– Today a new piece of Islamic T-Bills was supposed to be offered on Iran Fara Bourse. Being the second issue of the new Islamic treasury bills IPO round on Iran Debt Market, the TB291 has a value of IRR 10,000 bn (USD 235.7 mn) and will be matured on Aug 14, 2019. The older issues with close maturity dates are TB181 and TB191 which has a YTM of 26.22% and 25.89% respectively. However, the new offer did not price at today’s session. The below table demonstrates issues with highest yields on the last trading session:

Iran Debt Market

– The Minister of Roads & Urban Development has announced the issuance of IRR 1,050 bn corporate Sukuk Ijarah to finance the production of 50 domestic made locomotive. The Islamic Republic railways co. will be the guarantor of this private issue.

– Deputy Minister of Economic Affairs and Finance stated the latest figure of Iranian government debts to Central Bank at IRR 1,620,000 bn (USD 38.19 bn) and herald about disclosing the information and data to the public after classification. “The unbalanced budget is the most effective on this huge pile of liabilities and previous administration has always reached for more from CBI which now their access is terminated,” said Mirshojaian on the 28th annual convention of Monetary and currency policies.


In the Market

Major averages ended the day at another all-time high record. With fresh money supply heading to the capital market, the TEDPIX jumped for 2.22% and stood above 108,000 level. This was while IFEX hiked as well for almost 2.31% mostly indebted to its giants reopening after a temporary halt.

Being on a witch hunt to reclaim the most valuable firm place again, Persian Gulf petrochemical (PKLJ1, +4.96%) enjoyed most of the day with heavy purchase orders in buy queue. With almost 135 mn traded share, the ticker stamped solely 347.24 positive points on the overall index. Most of the names in the Chemical sector (3.0%) ended the day in good green too as the capital market seems to sustain its bullish trend for a while.

Metals (0.69%) on the other hand, experienced moderate trades with its giant Isfahan Mubaraka Steel (FOLD1, +2.11%) reopened at the opening bell on +4.0% and got more rational towards the end. National Copper Industries (MSMI1, -1.29%) was the big looser of the sector today as investors tried to save some profit after the other day’s massive jump of 19.9%.

There was finally some good news on the Banking (+0.71%) sector which made the trades more favorable for the industry components. Saderat Bank (BSDR1, +6.37%) announced that the figure of annual losses is now reduced and it is believed that by the next year this time the share would make some positive EPS after all. Middle East Bank (BKHZ1, +4.89%) announced an EPS of IRR 153 for the fiscal year ended Mar 21, 2018, and continued its profitability regardless of the crises happening in the whole industry. Being one the few Iranian Banks with actual international business and professional management, the ticker was highly demanded and left more than 6.5 mn purchase orders on the queue.

Its seems that with recent support from all administrative bodies, the capital market index is on its mission to capture the technical target of 120,000.






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: Agah Brokerage Firm, Agah Group, Daily, IFB, Iran, Iran capital market, Iran Debt Market, Iran's economy, Iran’s capital market, Market Cap, market overview, TSE

Written by Alireza Hojjatnia

Vice President - International Affairs, Alternative Investment

previous article

FX priorities in Iran Economy! – Daily Market News

next article

Tehran Stock Market roars further! – 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

  • FATF goes easy on Iran in the upcoming report! – Daily Market News February 19, 2019
  • US exemptions on Iran Oil Exports may shrink! – Daily Market News February 17, 2019
  • 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

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.