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Tag : Tehran Stock Exchange

Home/Posts Tagged "Tehran Stock Exchange" (Page 2)
Tehran Stock Exchange

“Equity backed” Sukuk Ijarah now on Tehran Stock Exchange! – Daily Market News

by date: 19 May 2018in News & Reports No Comments

“Equity backed” Sukuk Ijarah now on

Tehran Stock Exchange!

Market News

– After the previous successful underwriting of IRR 4,500 bn (USD 107.14 mn) worth Sukuk Ijarah for Iran Telecommunication Company, a new round of corporate Sukuk Ijarah (equity backed) now worth IRR 8,000 bn (USD 190 mn) is to be published on Tehran Stock Exchange. The underlying asset of this new issue is 567,818,866 shares of HMRZ1 priced at IRR 14,089 apiece. The yield would be 16%, payments scheduled for every 3 months (quarterly) and these securities will be matured in 4 years.

Tehran Stock Exchange

Tehran Stock Exchange to be resilient towards FX fluctuations! – Daily Market News

by date: 29 April 2018in News & Reports No Comments

Tehran Stock Exchange to be resilient towards FX fluctuations!

Market News

– After massive impacts on Tehran Stock Exchange mostly due to the volatility of USD/IRR over recent months, a member of SEO’s high council announced three solutions on agenda in order to prevent future effects of such fluctuations. A) Establishment of FX-denominated mutual funds, B) Issuance of foreign currency denominated debt securities and C) FX-denominated hedging instruments (derivates) are among the “to do list” of Iran capital market regulator. According to the officials, SEO has now the required infrastructure to make mutual fund idea operational. Said funds are able to purchase Iranian banks LCs to exporters, Government or corporate FX denominated bonds or deposit in banks’ currency accounts. 

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Tehran Stock Exchange ends the last day in deep green! – Daily Market News

by date: 28 March 2018in News & Reports No Comments

Tehran Stock Exchange ends the last day

in deep green!

In the Market

Tehran Stock Exchange went up by 342 points mostly influenced by mega-cap names like Esfahan’s Mobarake Steel and also thanks to better than expected Q2 performances of Metal producers. However, the value of trades in both the TSE and IFB was light ahead of the upcoming holidays.

Iranian Insurance Sector

Foreigners to hold stake in Iranian Insurance Sector! – Daily Market News

by date: 25 March 2018in News & Reports No Comments

Foreigners to hold stake in Iranian Insurance Sector!

Market News

– Following the foreign investors’ entrance to the real part of Iran’s economy, a female individual investor submitted her request to buy an 18.84% stake in Asia Insurance Co, (one of the Iranian Insurance Sector blue-chips) to the Central Insurance of I.R. Iran. Right now the SEO is evaluating the customer (KYC process) along with the possible routes of fund transfers. Earlier last year, Iranian government officially divested from Asia Insurance Company complying with latest privatization directives. 

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Tehran Stock Exchange; a 27% rise! – Daily Market News

by date: 13 March 2018in News & Reports No Comments

Tehran Stock Exchange; a 27% rise!

Market News

– In an interview, the head of the Securities and Exchange Organization of Iran enumerated the reasons for the 27% growth of the Tehran Stock Exchange major index (TEDPIX) in the current year. Referring to the whole trading value (4 exchange markets) exceeding IRR 2,100,000 (cUSD 47 bn) bn, he firstly mentioned President Rouhani’s administration’s economic policies to lower interest rate on banking deposits, which also dragged bonds yield rate and therefore, financing costs for companies down as well. Another factor was companies’ profitability growth, mostly due to facilities offered by the government and global commodity prices soar. A part of this growth was due to the USD/IRR increase, which raised export-oriented companies’ income. Applying changes to the halting-reopening mechanism of the market to accelerate the whole process played another crucial role by increasing the market liquidity. To all these, the reduction in trading commission must also be noted, which will show its positive effect in the long run.

Chinese-pharma-industry

“SHFA1” Pharmaceutical goes public on Tehran Stock Exchange!

by date: 7 March 2018in News & Reports No Comments

“SHFA1” Pharmaceutical goes public on

Tehran Stock Exchange!

Market News

– With IRR 1,180 bn in the capital, 117,943,000 shares, equal to 10%, of Shafa Darou Investment (SHFA1) went public on Tehran Stock Exchange through book building method ranging at IRR4,000-IRR4,150. The company is owned by Ayande Pouya (81%), Tose’e Melli Investment Group (13%) and Tose’e Melli Investment (5%). Each investor, both individual and institutional were allowed to purchase 1,500 shares at most, whose price discovered to be IRR 4,150.

Tehran Stock Exchange

SHOY1 Went Public on Tehran Stock Exchange! – Daily Market News

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

SHOY1 Went Public on Tehran Stock Exchange!

Market News

– Today 10% of Shouyande (detergent) Industry Management Co. (SHOY1) offered to public on Tehran Stock Exchange and 100 mn shares of the company got listed among Chemical tickers. The estimated price range during book building was from IRR 2,600 to IRR 2,730 and finally the ticker priced at IRR 2,730. SHOY1 is a subsidiary of Behshahr Industries holding (TSBE1) with its main focus on detergent production. The company’s sales are expected to rise 30% in upcoming year despite the surge of its revenues by 11%. The forecasted EPS for FY2018/19 is IRR 420 which make the P/E ratio 6.4.

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Inflation Shadow Over Iran’s Economy Shoulder! – Daily Market News

by date: 30 January 2018in News & Reports No Comments

Inflation Shadow Over Iran’s Economy Shoulder!

Market News

– The CBI statistics on Iran’s Economy components in Aban month (Oct. 23-Nov.21) demonstrate a change in the money supply face; money volume has increased by 3% over the quarter ended in Aban, while it had grown 1.5% in the same period last year. Furthermore, the near money experienced a 4.4% increase over the period while it had gone through a 6.3% rise in the previous year.

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SEO not to eliminate brokerages credit lines! – Daily Market News

by date: 21 January 2018in News & Reports No Comments

SEO not to eliminate brokerages credit lines!

Market News

– “The recent directive by SEO addressing brokers to provide their clients on longer with credit lines was an absolute misunderstanding” said Rouh Allah Mirsanei the Secretary-General of Iranian brokerages association. He continued: “the previous customers credit lines bylaw is still in place and SEO is just to mitigate any unnecessary risks by simply recording each client credit history and eliminate probable adverse balance and delays in payments.” According to the SEBA Secretary-General, brokers can continue offering their customers with purchase credits like before.

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Justice shares to release for trades on Tehran Stock Exchange! – Daily Market News

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

Justice shares to release for trades on Tehran Stock Exchange!

Market News

– Head of the Economic Commission of the Iranian parliament announced the bill releasing justice shares for trades on Tehran Stock Exchange will be notified on the next public hearing of Majlis anytime soon. “We are against distributing earnings of justice shares and principal asset along with the equity ownership shall be in hands of shareholders themselves” Said Pourebrahimi on a radio interview.