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/Saffron to be on Iran Mercantile Exchange Soon! – Daily Market News
Iran Mercantile Exchange

Saffron to be on Iran Mercantile Exchange Soon! – Daily Market News

By Mojde Rezaee: 12 February 2017in News & Reports No Comments

Saffron to be on Iran Mercantile Exchange!

Market News

– Saffron Certificate of Deposit is now listed on CSDI’s post trade system, according to Iran Mercantile Exchange officials and the inventory of “Razavi Khorasan” province has been offered on the exchange so far. It is hoped that by bringing the red gold to the capital markets, hardships of the industry come to and end. During the past decade Saffron sales were mainly carried out in retail and international trades of the commodity were faced with challenges.

– Today “Persian Gulf investment Company” was listed on Iran Fara Bourse and now is on the new IPOs wishlist. The IRR 2,500 bn company, with a projected EPS of IRR 146 for current fiscal year, is focused on providing professional installation and transpiration services, XPS hard foams production and the trades of super heavy lifters.

– “The administration is to launch two major schemes reviving the financial framework of the nation” Said Muhammad Baqer Nobakht the chair of “Management and Plan” organisation of Iran. The settlement of money market via the capital market and focusing on development instead of economical growth are supposed to be the “saving angels” of Iran Economy.


Corporate Earnings

– Tamin Petrochemical (PTAP1) adjust the EPS forecasts of May 2017 FY. Relevant to the financials, the projected earning is now go for IRR 290, a 26% growth contrary to the previous figures, yet the company made a loss of IRR 35 per share for the period ended in November 2016.


A bumpy road for Tehran Stock Exchange!

In the Market

TSE indices closed the day on a mild upbeat note, climbing to fresh highs for the fifth consecutive day. TEDPIX (76,827.70, +0.01%) led the advance while the IFEX (834.96, -0.02%) finished just behind.

The optimism on Metals and Ores surrounded today’s session had its roots in global commodities ascending trend. Hikes in copper and iron prices made the related industries to face the investors grace. Although the National Copper Industries was not able to hold the other day’s position and traded below its flat line, yet other metal giants compensated for the sector. Near 18.3 mn shares of Isfahan Mubaraka Steel changed hands on Sunday’s affair to be the share with most positive influence on the index (+37.52 points) and the ticker closed at IRR 1,388 (+1.54%).

Elsewhere following the release of their quarterly reports, the Iron Ores outperformed with the Gol-e-Gohar (GOLG1, +1.01%) and Chadormalou (CHML1, +2.25%) being the leaders. Earnings reports lived up to lofty expectations of future commodities prices that accompanied companeis gain in the fourth quarter.

Finally,  Banking did not share the good fortune of investors tendency to buy . After a plunge of near 30% on average, it seems that the sector is suffering from lack of liquidity and sentiment towards. Needless to say the critical conditions of their balance sheet, made the industry future a bit foggy.


 Tehran Stock Exchange


Tehran Stock Exchange


3


4


Iran Fara Bourse


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

Written by Mojde Rezaee

International Affairs Expert

previous article

The SEO Hit One Target – Daily Market News

next article

Opening Bank Accounts Became Possible – 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

  • 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
  • AGAH Mutual Fund Fact Sheet – December 2018 February 10, 2019
  • EU announces its Iran conclusion report! – Daily Market News February 6, 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.