New Derivatives on Iran’s Capital Market
- As was mentioned in Agah’s previous daily report, officials in the Securities and Exchange Organization of Iran (SEO) took a new step in deepening and developing Iran’s Capital Market by introducing ‘Option” contracts. In this regard, a ceremony was held in the Central Securities Depository of Iran (CSDI), hosting the head of SEO, the chief of Tehran Stock Exchange (TSE) as well as that of Iran Fara Bourse (IFB). Stressing on the hedging role of option in the stock market such as strengthening market stability, insuring investments and more supervision over the market, Dr. Shapour Mohamadi named other plans on agenda, including Futures on stock portfolio and increasing the fluctuation range. Besides, Mr. Hasan Qalibaf referred to the start of short selling in the stock market, which will reduce fluctuations, hedge risk and result in higher return. At the end, Mr. Amir Hamouni referred to investment banking companies’ demand to have options on debt instruments and added that IFB officials are working on this item and it is supposed to be launched until the end of the current Persian calendar year.
- As the Minister of Road and Urban Development has stated, the Iran – Airbus deal on buying 100 jets will be finalized by Friday, December 23rd and its relevant details will be disclosed then.
- In line with the recent growth in global oil prices combined with the lifting of sanctions on the country, the economic growth is now back on track such that the Central Bank of Iran announced 7.4% for Iran’s GDP growth in the first half of the Persian Calendar year. In addition to the oil sector, agricultural sector also played a major part in boosting the GDP growth. Further statistics is yet to be released by this body.