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/Kish Parsian E-commerce goes public on Iran Fara Bourse! – Daily Market News
Iran Fara Bourse

Kish Parsian E-commerce goes public on Iran Fara Bourse! – Daily Market News

By Reporter: 17 September 2018in News & Reports No Comments

Kish Parsian E-commerce goes public on Iran Fara Bourse!

Market News

– Kish Parsian E-commerce company is to offer its shares publically on Iran Fara Bourse on Saturday, September 22, 2018. This IPO is for 10% of the company equal 40 mn shares via book building method with a price range of IRR 1,600 to 1,700. The major shareholder, Parsian Bank Data Processing Group, has committed to offering another 10% of its shares within a 6 month period from the IPO date. Each investor, whether individual or institutional, is entitled to 800 shares only.

– According to the latest CBI report, the economic growth of Iran stamped a 1.8% rise for the first quarter of the year 1397(2018/19). The figures suggest that the Gross Domestic Product (GPD) of the nation reached IRR 1,676.7K bn (USD 39.92 bn -USD/IRR 42,000) based on the fixed prices of 1390 (2011/12).

– According to IFB deputy market development, this year a total figure of IRR 90,000 bn (USD 2.14 bn) Islamic Treasury Bills with a maximum term of 3 years will be issued on Iran Fara Bourse. Up to this point, 12 issues of ITBs were offered publically on the exchange and the rest will come forward on a scheduled time frame, said Reza Gholamali Pour. The below picture demonstrates the details of debt securities volume trend during the last 4 years on Iran Debt Market:


In the Market

Equities did a U-turn today, as anticipated, and advanced mostly during the first half of the market. Despite the fact that the sale pressure added up throughout the end, major indices managed to end the day on a higher note. TEDPIX (+1.52%) jumped for 2,361.66 points reclaimed what was lost the other day and stood at 158,071.91 once again. IFEX (+2.36%), on the other hand, hiked with more power and closed at 1,837.20 stamping a new record high.

Today’s trades were deeply affected by the fact that some brokerage houses are facing their fiscal year end soon, therefore, and have to settle their credit lines with CSDI. This added the pressure on stocks as most of their sales happened in the second half of today’s session. Moreover, a new source of uncertainties raised when the customer of a changing Chemicals feed-stock prices spread amid the participants. It seems that once again investors must face with a period of mixed signals from officials until a ratified directive is out.

Utilities (+4.66%) were today’s biggest winner since the news will affect them directly and in a good way. Mobin (MOBN, +4.52%) and Fajr (BFJR, +4.99%) Petrochemicals, as the two major monopoles of steam, gas, electricity and warm water suppliers were deep in demand and closed the day with orders left in the buy queue. Other small names like Damavand Powerhouse (BDMZ, +4.72%) also changed greatly in closing.

The somehow co-dependent sectors of Cement (+2.48%) and Construction (+4.36%) outperformed today. With news on rebuilding the war-damaged Syria and their possible role in the process made the sectors interesting in the eyes of investors. It is safe to say that almost all the important names of both sectors ended the day with buy queues and full change percents in their closing.

All in all, Agah analysis shows that a massive amount of individuals cash has been injected into the market during the last 3 months which, in a way, sine is a sign of better than expected participation from the retail side, guarantees the upward trend of the market for a while. the below picture shows the cash injection trend:






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 Fara Bourse

Written by Reporter

The author didnt add any Information to his profile yet

previous article

Tehran Stock Exchange stood tall in annual performance! – Daily Market News

next article

A new Sukuk Murabaha on IFB; this time for a private company! – 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.