– After imposing secondary sanctions on almost all Iranian Banks, US treasury department excludes a couple of banks and credit institutes from the SDN action list. According to the news, Middle East Bank, Hekmat Iranian Bank, Mehr-e-Iran Bank and Tose’e credit institution are now just in the SDN watch list and can be connected to SWIFT like before.
– 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.
– Reuters reports that IMF released its latest research on the global economy and of course Iran’s situation. According to news, IMF reduced Iran Economy growth rate to -1.5% for the year 2018 (previously was +4.4%!) and also predicted that Iran will face with an inflation rate of 29.6%. The unemployment rate would reach 12.8 as well which shows 1.1% growth.
– In a report published by Iran SEO, Iranian brokerage firms ranked by their market share from online trades of both Tehran Stock Exchange and Iran Fara Bourse. Agah Group placed the second with a share of 8.21%. More than 27% of total trades executed in the market over the first sixth-month of 1397 (2018/192) has been carried out by Iranian online trading platforms. SEO announced that the total figure of trades turnover for 1397 H1 reached IRR 1,153,000 bn (USD 27.45 bn – USD/IRR 42,000).
– In a report published by France Press, Tehran Stock Exchange announced as the best performing stock exchange globally in a year to date period stamped 63% growth. This figure is only 5% below the IRR depreciation over the said period.
– Today 10% (equal to 15,645,000 shares) of Qom Atrin Thread Co., a producer of PES, PA and twisting filament yarn, went public on Iran Fara Bourse under the ticker of ANQZ as the 6th IPO this year. The maximum of 300 shares could be bought by each investor through book building method within the IRR 4,680 – IRR 4,914 range. The company exports 5% of its production and Turkey is its main destination.
– In a study carried out by Donya-e-Bourse which was participated by more than 30 analysts from credible financial institutions, the EPS of 57 listed tickers of Tehran Stock Exchange were analyzed. After the SEO directive to eliminate EPS projections on companies’ quarterly report, now the analysts themselves prepare such data in order for market participants to see realities better. The below table contains the projection for 8 most important sectors and their components.
– 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.
– In wake of speculations on a different FX regime that suits the current situation of Iran economy (post-sanctions), Tehran Stock Exchange made history today and registered an all-time high. The trading value and volume reached record highs as the overall index stood at +128K level.
– Tehran Stock Exchange performance analysis for spring 1397 (2018/19) shows that the exchange recorded a 13% gain for this quarter while gift its investors a 38% annual (P to P) return. The top gainer sectors of Q1 were: