Iran Fara Bourse hosted another piece of government debt puzzle!
– Following the previous offerings of new Islamic T-Bills, today a total number of 33,722,668 “SAKHAB” securities offered to public on Iran Fara Bourse secondary market at par. This is the 4th of new debt issuance wave which aimed to deepen the Iranian debt market. The new bills will be matured in January 10, 2018. The below table demonstrates the current status of Islamic debt instrument available over the counter.
Tehran Stock Exchange stood tall amid all parallel markets!
– According to a new weekly report of Iran’s Securities and Exchange Organization (SEO), Tehran Stock Exchange main index (TEDPIX) ranked first in overall return standing by a figure of 8.1%. This while the gold coins and USD stood behind with only 5.6% and 4.6% gain respectively. For the week ended in September 13, 2017 three big chip industries of Auto (+19.6%), IT (17.4%) and Metals (+13.0%) have the highest traded values of Iran’s Capital Market.
TEDPIX Advances to break 84K!
In the Market
Equities ticked up on today’s affair, capping off their recent run to record highs on a positive note. The TEDPIX (+0.28%) advanced to just thin-ice shy of 84K level again while IFEX (-0.22%) stopped the rally near 950 but didn’t lose enough to erase its green days.
Today’s advance was mostly indebted to the communications giant, MCI (HMRZ1, +2.07%, IRR 15,277) with only shy of a half million traded shares. The big daddy, TCI (MKBT1, +0.31, IRR 1,929) also ended the day green with near 2.7 mn shares changed hands.
The heavily weighted Metal sector undergone mild trades today. The sector giant Isfahan Mubaraka Steel (FOLD1, +0.79%, IRR 1,921) traded for almost 13 mn shares while the rest of the group bounced in day’s range all day time. It seems that after a tropical storm in global prices it is time for the sector to settle down a while. Lower than expected trading value and volume put an approval seal on this averment.
Finally, on the flip side, just after a few recent good days for Oil Products, universal tensions over North Korea actions, make the bed shaky for global oil prices which affect the sector and put almost all its tickers in hibernation at least until after some solid strength signals emit from worldwide markets.
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