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 joins CFT as parliament ratified the bill with 8 conditions! – Daily Market News
Iran joins CFT

Iran joins CFT as parliament ratified the bill with 8 conditions! – Daily Market News

By Alireza Hojjatnia: 30 May 2018in News & Reports No Comments

Iran joins CFT as parliament ratified the bill with 8 conditions!

Market News

– Deputy chair of Iranian Supreme National Security Council announced the ratification of Combating the Financing of Terrorism act on the parliament (Iran joins CFT). However, in order for national interest to count in as well, senators added a few conditions to the bill. Most important of those is the fact that upon a conflict between the constitution and bill articles, the base would the constitution for enforcement. This (Iran joins CFT) could lead to a better status for Iran in FATF grey list and eventually ends in a permanent exit from the shortlist.

– After a failed attempt at offering Saman Kish e-payment co. in previous Persian year, an official at SEO announced that a 10% portion of the company, equal to 180 mn shares, would be publicly offered at Tehran Stock Exchange on June 03, 2018 as the 520th listed ticker.  “SEPK1” has realized an astonishing figure of IRR 1,009 bn in revenues over the first month of 1397 (Mar-Apr 2018/19).

– Following the US decision to scrap the nuke deal, the Switzerland company, Stadler, has chosen to halt any Iran related activity until further notice. Previously the company had signed an agreement worth USD 1.4 bn to deliver 960 underground wagons to complete the Tehran Metro transportation fleet. There are anticipations that Chinese firm will enter the deal instead of Stadler.


In the Market

Major stock index of Iran capital market, the TEDPIX, jumped 0.18% on today’s session after two disappointing performances of last days. Mostly indebted to major mega caps of the Metals and Iron Ore sectors, equities ended the day far above their flat lines.

Iron Ore shares ignited the bullish trend sharply in reaction to the better than the expected reports. Gol-e-Goar (GOLG, +2.11) and Chador Malou (CHML1, +3.91%) stamped 81.62 and 72.94 positive points on the overall index. Other tickers of the sector as well ended the day in deep green.

Auto sector succeeds to record yet another disappointing day by its giants, Saipa Co. (SIPA1, -1.08%) and Iran Khodro (IKCO, -0.17%), poor performances. The lack of fundamental strength along with weak sentiment towards the sector from investors side made the bad month for the industry even worse.

Elsewhere, Oil Products are still struggling with the global price of crude along with uncertainties in domestic future economic stability. Isfahan Oil Refinery (PNES1, -0.92%) was the lead to today’s red day of the sector. Except a few like Tabriz Oil Refinery (PNTB1, +0.75%) other big name performed poorly on today’s action.

In general, the total trading volume and value has been raised higher through the previous weeks which is a sign of hope return amid market practitioners.






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, Automotive Sector, Codal, Daily, Daily Market News, EPS, IFB, Iran, Iran joins CFT, market overview, SEO

Written by Alireza Hojjatnia

Vice President - International Affairs, Alternative Investment

previous article

Yield curve to be ascending on Islamic Treasury Bills! – Daily Market News

next article

Islamic T-Bills yield curve sends mixed signals! – 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

  • AGAH Mutual Fund Fact Sheet – February 2021 March 28, 2021
  • Iran Capital Market Monthly Wrap! – February 2021 February 28, 2021
  • Iran Capital Market Monthly Wrap! – December 2020 December 28, 2020
  • Iran Capital Market Monthly Wrap! – November 2020 December 8, 2020
  • Agah wins the FEAS champions league for the second term! November 29, 2020

Latest Comments

  • Priyanka on FDI and FPI investment climbing up – Daily Market Report
  • Behzad jamshed Karai on Central Bank of Iran on Amend
  • 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

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.