USD/IRR is to price at Tehran Stock Exchange!

Market News

– The ministry of economy and financial affairs has announced that from next week on, the export FX revenues are to be offered in Tehran Stock Exchange for the importers to buy their currency needs at an agreed price after submitting their import orders. Exporters will be rewarded with the difference between the market price and their export declaration papers. Having a secondary market for the FX and stock exchange being that market will be greatly in favour of all economy participants and will remove rents from Iran’s chaotic FX market after all.

Fresh funds to revive Tehran Stock Exchange!

Market News

– After the US withdrawal from JCPoA, the major concern amid Tehran Stock Exchange practitioners was the path that individual’s money will choose further upon. Funds flying to parallel markets like gold, fx or even housing kept the capital market investors up for nights. The recent trends show that the individual investors’ sentiment is now in favour of equities again and trading values are the facts to that. Below images demonstrate a clear picture of the net inflow/outflow of funds during that stressful period along with changes in the trading value of the market.

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. 

“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.