Tehran Stock Exchange to Witness Low Fluctuations!
- Starting its first week of winter after the recent rise in the All-Share Index mainly due to the hikes in global commodity prices, experts have predicted a low-volatile trend for the TEDPIX until the end of the week for Tehran Stock Exchange, for which factors like the half-closed international markets, the current P/E ratio and the stability in foreign exchange rate have been named. Although a few practitioners believe that the TSE might go through positive movements mainly due to the release of Q3 financial reports (especially influenced by the Metals and Iron Ore spaces), some other assume that the reopening of banking tickers can impose a negative shock to the market, which might also end in the liquidity shift from the stock market to other parallel ones, albeit excluding the Foreign Exchange market since it has already gone up by 12% within the last month and no more growth is expected.
- With the Head of the Securities and Exchange Organization of Iran (SEO) present, the Center for Applied Islamic Financial Studies was opened in Qom. Holding technical and specialized meetings and gatherings aimed at investigating financial instruments from the Fiqh and Sharia perspective, this center will consider different aspects of using new tools in the capital market and provide the SEO with consultancy services. In this opening ceremony the issue of the market development and deepening through instruments such as Ijarah, Murbeha and Musharaka Sukuk as well as ITB and Option was mainly discussed.
- According to the statistics on Iran’s economic growth of 7.4% in the first half of the current Persian Calendar Year, which was largely focused on the oil and agricultural sectors, the well-known Iranian economist, Dr. Mousa Qanjinejad provided some insights on the subject. Stressing that in order for this growth to sustain, the active participation of other sectors are required, he named the private sector playing a key role, which itself calls for policies and actions on tax and bureaucratic impediments on the part of the government to support this sector.