Options to be traded on Iran Capital Market soon!
After all, options, one of the most widely used risk management instruments worldwide, are to be traded on Iran Capital Market from next week on. The positions will be open for anyone to take, yet on the “put” side only major shareholders and mutual fund managers can bid. Limited European options on selected shares and commodities would be tested on the first step before the American style get introduced. The commission and fees are similar to future gold coin contracts and on the development stage it would be only for brokerages to collect. The expiration date on stock and commodity options would be in 2 and 1 months respectively and a couple of exercise prices for them has be considered. The new instruments would be exempted from tax (only in case of being exercised tax shall be paid) and price fluctuation limit.
Justice shareholders count and classification released!
As of today there are 49,132,251 individuals who owned IRR 476,183,060,000,000 worth justice shares in Iran Capital Market and their classification is as below:
- Group A: Orphans, disabled families, women and children with irresponsible supervision, unemployed volunteer combatants, socially disadvantaged (7,571,377 individuals, owned shares value: IRR 72,998,690,750,000);
- Group B: Unemployed villager households and seasonal workers, households with disabilities, employed female households (5,535,540 individuals, owned shares value: IRR 52,215,150,800,000);
- Group C: Employees of executive organizations, social security and army retired, (13,795,604 individuals, owned shares value: IRR 135,061,309,920,000);
- Group D: The first degree relatives and under custodies of martyrs and veterans (1,259,863 individuals, owned shares value: IRR 12,226,904,150,000);
- Group E: Single female workers and single female households (6,900 individuals, owned shares value: IRR 68,597,400,000);
- Group F: All villagers and nomads (11,286,782 individuals, owned shares value: IRR 108,412,747,880,000);
- Mosques, Hussainia and Imamzadeh employees (31,310 individuals, owned shares value: IRR 301,073,580,000);
- Group G: Seminary students (167,697 individuals, owned shares value: IRR 1,657,295,000,000);
- Group H: Special diseases patients (11,170 individuals, owned shares value: IRR 107,295,550,000);
- Group I: Jumu’ah headquarters staff members (6,735 individuals, owned shares value: IRR 65,133,130,000);
- Group J: Newspaper reporters (8,679 individuals, owned shares value: IRR 86,279,980,000); and
- Group K: Charity foundations staff members, Quranic activists, carpet weavers, released inmates, seasonal construction workers, Justice shares distributes (9,450,594 individuals, owned shares value: IRR 92,973,120,450,000)
In the Market
Market Hit Fresh Slack ahead of Uncertainties!
The stock market followed its Tuesday down-tick with a new surge that kept the key indices down. The TEDPIX lost 0.07% while the weighted average (-0.32%) under-performed ahead of reluctant participants’ sentiment.
With the market believing that required supports have not been in place from the regulator, equity indices were free to continue their fall to new lows. The weighted average index spent the day near its flat line, suggesting the small cap rally may be running out of steam.
Auto sector began the trading day in the green with most maintained that posture into the close while Oil products recorded wide losses.
More than 54 mn shares of “IKCO1” changed hands today made the closing at IRR 2,906 (+4.23%). IKCO investment dev. Ended the day in a buy queue of nearly 1 mn. “CHAR1” and “NMOH1” followed the trade with much lower volume. With rumors of IKCO’s 33% “Parsian” bank block sale getting real, it seems the sector’s giant is about to refuel the trades again and recapture the market leadership flag.
Despite the recent oil price hikes, Oil products industry received no measure of support on top of being on the resistance edge technically. “PNES1” stamped 37.55 negative points solely on the index to be an ensign for the sector. Tehran Oil refinery stock traded for more than 4 mn shares and the closing was at IRR 3,088 (-1.81%). Sepahan Oil was the sole ticker compensated for the sector a little with only 308,000 traded shares.
Finally, metals spent the day jockeying for position. The top-weighted “FOLD1” spiked at the start thanks to gains in global steel prices. Near 25 mn shares of Isfahan Mubaraka Steel traded today on +1.5%. Some other smaller caps also took part in the rally, sending the Index higher by 0.78%. National Copper Industries ended the day on the board null with an amazing trading volume of almost 104 mn.
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.
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