Iran Debt Market in July 2017!
Iran Debt Market News
The composition of Iran debt market on July 09, 2017 is as the below chart indicates. Major share of the market is for Musharaka Sukuks and Islamic T-Bills with over 62% of its IRR 286,066 bn (USD 7,567 mn) size. The YTM of some T-Bill issues now reached to 24.79% (Purchase commission not included) while the figure for Municipal Musharaka top issue is 24.86%.
The table below is for the debt issues with highest yields on Jul 08, 2017:
Investors Rallied Around IT!
In the Market
Investors rallied around the fresh faced Information Technology (+0.17%) to continue the week on a positive note. The TEDIX (78,985.40, +103.81 Points) led the advance, moved higher by 0.13%, while the IFEX settled with gain of 0.42%.
The IT sector positive signs was well received by the market and drove today’s affair into green with solid volumes. It is safe to say that almost all the tickers in the industry were welcomed warmly by investors led them to end in green. The highly potentiated Persian Asan Pardakht (APPE1, +0.52%, IRR 26,222) was on the top of the list with more than 4.4 mn shares changed hands. Parsian E-commerce (EPRS1, +0.14, IRR 3,704) was next in line for the sector’s advance.
On the downside, Chemicals performed weaker than expected, in the absence of oil products, sent the sector’s average to a new low with almost all the tickers ended in red. Only a few micro caps of the sector remained above their flat lines.
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