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Tag : Iran’s capital market

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Iran Trade Balance

Iran Trade Balance turns positive as non-oil exports surges! – Daily Market News

by date: 3 December 2018in News & Reports No Comments

Iran Trade Balance turns positive as non-oil exports surges!

Market News

– After the first 8 months of 1397 (2018/19), the total non-oil exports surpassed USD 31.491 bn which made Iran Trade Balance positive for USD 2 bn. The figure is raised 12.96% in value contrary to the same period last year. Major exports of Iran were gas condensates (8.81%), liquid propane (4.25%) and other light oil products except for petroleum (3.5%). The top 5 export destinations of Iranian products are Iraq (21.46%), China (20.52%), UAE (16.17%), Afghanistan (7.13%) and India (4.99%). 

Iran FX revenues

Oil exports share reduces in Iran FX revenues! – Daily Market News

by date: 26 November 2018in News & Reports No Comments

Oil exports share reduces in Iran FX revenues!

Market News

– The share of oil exports in Iran FX revenues has been reduced over the past few years which shows that the economy is now less dependent on oil sales. During the first 10 months of 2018, the share of oil exports reached below 48% of total FX revenues. This figure surpassed 80% decade. The dependence of Iran economy to oil exports heralds that the nation was successful in producing industrial goods to compensate for the reducing piece of the oil pie. 

Iranian Banks Sanctions

Iranian Banks sanctions status analyzed! – Daily Market News

by date: 11 November 2018in News & Reports No Comments

Iranian Banks sanctions status analyzed!

Market News

– After the confusion made by the US Department of Treasury on the latest status of Iranian Banks with regards to the SDN list and the secondary sanctions (being still connected to SWIFT), an analysis has been performed by Donya-e-Bank news agency showing the map of Iranian Banks in a picture. According to the below table, almost all banks in Iran is under the SDN list, however, the ones with no “Secondary Sanctions” tick on their status are clear to deal with:

SDN listed Qaed Bassir Petrochemical goes public on Iran Fara Bourse! – Daily Market News

by date: 6 November 2018in News & Reports No Comments

SDN listed Qaed Bassir Petrochemical goes public on Iran Fara Bourse!

Market News

– Today and after the full snapback of US sanctions on Iran along with adding almost everything to OFAC’s SDN list, 10% of the newly sanctioned Qaed Bassir Petrochemical Co. (listed under BSRZ ticker) offered publically on Iran Fara Bourse via book building method with a price ranging from IRR 8,000-8,500 per share. The company produces ABS with a capacity of 30K tonnes per annum. BSRZ earnings jump for 128% on the H1 contrary to the previous year. 

Iran Sanctions

US exempts 8 countries from Iran Sanctions! – Daily Market News

by date: 3 November 2018in News & Reports No Comments

US exempts 8 countries from Iran Sanctions!

In the Market

– Backing down from the zeroing Iran oil sales, the United States grants case exemptions to 8 nations with regards to their oil purchases from Iran just days away from sanctions snapback deadline. Apparently, India, Japan, South Korea, Iraq, China and Turkey are among this shortlist exempted from Iran Sanctions.

Iranian Pension Funds

Iranian Pension funds; on the edge of darkness!! – Daily Market News

by date: 24 October 2018in News & Reports No Comments

Iranian Pension Funds; on the edge of darkness!!

Market News

– Yesterday, the first VP of president Rouhani warned about the future of Iranian Pension Funds. According to stats, 100% of Armed Force Pension fund costs is supplied by the government, directly from the budget sources, while this figure for National Pension Fund is hovering around 70-80%. Donya-e-Eqtesad reviewed the global experience in this regard and advised the administration to take 4 precautionary measures just before the explosion:

Iran Oil Exports

US treasury retracts from zeroing Iran Oil Exports! – Daily Market News

by date: 22 October 2018in News & Reports No Comments

US treasury retracts from zeroing Iran Oil Exports!

Market News

– In their latest take against Iran Oil Exports, the secretary of US Treasury has announced that Iran oil buyers will be granted exemptions only if they agree to reduce their purchases more than previous level (20%) of 2013-15. Moreover, Steven Mnuchin told the press that the US is negotiating with SWIFT organization in order to cut Iran’s access to financial transactions. However, he accepted the fact that zeroing Iran oil exports in months after the sanction snapback is not viable. 

Iran Central Bank

Iran Central Bank issues FX denominated bonds! – Daily Market News

by date: 6 October 2018in News & Reports No Comments

Iran Central Bank issues FX denominated bonds!

Market News

– After the recent directive allowing Iran Central Bank to get involved with the nation’s FX market, now the cabinet members is to expand the scope of CBI activities even more to include not only FX policies but also monetary ones. Doing as such, the CBI has now granted 3 new instruments to balance the currency/monetary needs:

Islamic Treasury Bills

Fresh Islamic Treasury Bills on Iran Fara Bourse! – Daily Market News

by date: 20 August 2018in News & Reports No Comments

Fresh Islamic Treasury Bills on Iran Fara Bourse!

Market News

– Continuing the administration policies with regards to the settlement of its liabilities by issuing Islamic Treasury Bills, two new issues of ITB have been listed on Iran Fara Bourse waiting in line to be offered publically. These issues published on June 10 and 14 by Islamic Republic Government and will be matured in 6 and 7 months respectively. The issue values of these new bills are IRR 33,500,000 mn (USD 757.92 mn) and IRR 35,000,000 mn (USD 833.3 mn) divided into securities with IRR 1,000,00 par. 

Iran Stock Market

Taxes down to 0.1% on Iran Stock Market! – Daily Market News

by date: 18 August 2018in News & Reports No Comments

Taxes down to 0.1% on Iran Stock Market!

Market News

– Tax organization of Iran ratified a bylaw lowering taxes for equity trades to only 0.1% on Iran Stock Market. Previously there was a0.5% tax imposed on trades upon the sale of securities, stocks and stock rights, which now has lowered to the minimum possible level in order to maximize the participation of involved parties.