inter@agah.com | (+98)21-82154469 & (+98)21-82154470 (Saturday to Wednesday, 8:00-17:00 IRST)
  • Home
  • Market Data
    • Fact Sheets
    • News & Reports
    • Debt Market
  • Blog
  • Brokerage
    • Trading License Application
  • Asset Management
  • Advisory
  • Investment Banking
  • Risk Management
  • FAQ
  • Home
  • Market Data
    • Fact Sheets
    • News & Reports
    • Debt Market
  • Blog
  • Brokerage
    • Trading License Application
  • Asset Management
  • Advisory
  • Investment Banking
  • Risk Management
  • FAQ

Tag : Trading reopening

Home/Posts Tagged "Trading reopening"
Iran Mercantile Exchange

Iran Mercantile Exchange Turned Gold! – Daily Market News

by Alireza Hojjatniadate: 30 July 2017in News & Reports No Comments

Iran Mercantile Exchange Turned Gold!

Market News

Today secondary trades of Iran’s first commodity backed fund (ETC fund), Lotus Parsian, started on Iran Mercantile Exchange with a great interest from market participants. The fund units (LOTF1, IRR 10,300) performed more than 3% and changed hands 113,363 times. Since the fund’s units are trade-able on Iran Mercantile Exchange, the bid-offer orders can be placed via online trading platforms and the daily NAV is updating every 2 minutes.

The commodity backed fund incepted on May-June 2017 as its first kind and during the five days of underwriting all its IRR 158,790 mn units were sold to the market. The fund managers, Lotus Parsian investment bank, have chosen an active style for the fund management.

Read More
Riaan Roux Photography - www.riaanroux.co.za

Minerals to Add Glow to Iran’s Economy – Daily Market News

by Mojde Rezaeedate: 9 January 2017in News & Reports No Comments

Minerals to Add Glow to Iran’s Economy!

Market News

– Referring to Iran’s rich resources, with the potential to completely improve Iran’s Economy, an official announced the available cooperation opportunities between Iran and Europe in mineral and industrial activities; he stressed that there are fine grounds for joint-activity by Iran, Austria and Germany in steel and coal sector. In order to fully enjoy such opportunity, Iranian private sector must be encouraged to actively start negotiations with such foreign partners.

Read More
Vintage gas mask and headphones

Will “Dutch disease” be Back?

by Mojde Rezaeedate: 31 October 2016in Macroeconomics No Comments

Will it be Back?

By Mojde Rezaee & Alireza Hojjatnia

“Dutch disease is the negative impact on an economy of anything that gives rise to a sharp inflow of foreign currency, such as the discovery of large oil reserves. The currency inflows lead to currency appreciation, making the country’s other products less price competitive on the export market”

With a rise in commodity prices, it is expected for oil rich nations to witness economic growth and generally a better economic performance. Unless being managed accordingly by adopting adequate and effective policies, such massive revenues will cause irreparable economic catastrophes which had been covered and hidden before. The economic aftermaths for the nation would be abnormal inflation growth, meteoric rise in real estate prices, reduced manufacturing and high unemployment rate which all end in instability and drop by drop will worn out the economy’s infrastructures.

Read More
t-bills-not-an-option-for-tsipras-without-imf-approval-w_hr

New Treasuries on Iran Fara Bourse! – Daily Market News

by Alireza Hojjatniadate: 15 October 2016in News & Reports No Comments

Market News

  • New Treasuries on Iran Fara Bourse!

After a year the first trades on IFB, Islamic T-bills raised more than IRR 50,000 bn of funds and made the government able to settle part of its debts especially to the contractors. Now the administration is to issue new short term treasuries and develop the market even further.

Read More
transparency-in-business-1

IFB ranked by transparency! – Daily Market News

by Alireza Hojjatniadate: 10 October 2016in News & Reports No Comments

Market News

IFB ranked by transparency!

All listed tickers on IFB ranked with regards to disclosure quality and proper notification over a 12 months period ended September 2nd, 2016.

Disclosure quality measured based on two factors, reliability and timeliness. Moreover, since investments companies are not ought to release EPS estimates, therefore, points on them counted regardless of the estimates.

Read More
hotel-sign

“Homa” chained hotels to go public! – Daily Market News

by Alireza Hojjatniadate: 2 October 2016in News & Reports No Comments

Market News

“Homa” chained hotels to go public!

IRR 1,960 bn worth in capital, “Homa” hotels Group is to offer 10% of the shares on TSE and to be named the first of industry going public. The group is in position of 5 hotels on Tehran, Shiraz, Bandar Abbas and Mashhad with a total sum of 788 rooms. Social Security Organization is the major shareholder and they are only willing to sell 10% on the market.

Maxed out YTM!

According to the trade summaries by IFB, currently there are 18 active debt securities on the market and amid those “NIMIDCO” Musharaka is on the top of return list with a nominal rate of 23%. “Rayan Saipa” placed the second with 22% and quarterly coupon payments. The others will return between 18 to 21% and have monthly coupons.

However, the YTM on this issues has a different story. Istisna Sukuks of NIMIDCO, “SMLQ1”, if held up until the maturity, will yield 25.09 while Mashhad Municipal Musharaka has only 19.22% YTM and placed the last on the list. Sina Daroo will return 21.53% and Kaveh Kish Steel has an YTM of 20.31%.

Fifteen out of eighteen have the yield to maturity of less than 20% based on the current price levels.

The 3rd land & construction investment fund licensed!

“Naroon” land & construction investment fund got listed on TSE, as the third of its kind on Iran’s capital market, to raise IRR 182 bn funds for Arak province “Naroon residential project”. Housing investment Co. is the landlord and Maskan Investment Bank will act the fund manager.

Arak province “Naroon residential project” has 144 units and covers 20,000 m2 of area under construction.


In the Market

The stock market ended a bumpy session on a lower note with two major averages descended 0.25%. The TEDPIX (-0.25%) rallied into the early morning, but selling during the final minutes of the session drove the index down to stand on 77,287.60. Weighted TEDPIX also lost slim (-0.04%) for today, ended on 15,050.00.

 “Saipa” dominated headlines for the third day in a row. More than 250 mn shares of Auto giant changed hands and the ticker closed at IRR 1,358 with almost 74 mn purchase orders in the queue. Iran Khodro on the other hand lost near 1.5% on the closing (IRR 3,168) with a volume of 18 mn. “Zamyad” and “Bahman” followed the trend as well.

 Elsewhere, the top-weighted oil products sector finished in the lower end of the pack, masking relative weakness among the giants. Bandar Abbas and Isfahan Oil refineries were the leaders of downward trend and stamped 31.62 and 23.16 negative points on TEDPIX respectively. Tehran and Lavan oil refineries also lost big on today’s affair, whereas Tabriz and Shiraz refineries compensated for the whole sector. Near 1.6 mn shares of “PNTB1” traded today and the ticker closed at IRR 4,789 (+2.03%).

 On the metals sector, despite the fact that global prices mostly rose, 7.2 mn shares of Isfahan Mubaraka steel traded on -2.26% today and the ticker closed at IRR 1,212 and stamped -50.67 pints on the main index. Almost all other steel makers followed the trend.

1

2

3

4

5

6


DISCLAIMER:  This report has been prepared and issued by Agah Brokerage Firm on the basis of publicly available information, internally developed data and other sources believed to be reliable. The information contained herein is not guaranteed, does not purport to be comprehensive and is strictly for information purposes only. Agah does not assume any liability for any direct, indirect or consequential loss that may result from the reliance by any person upon any such information or opinions. Any expressions of opinions are subject to change without notice. 

To contact reporters: inter@agah.com

Read More
pushpin on map

The 15 Commandments! – Daily Market News

by Alireza Hojjatniadate: 11 September 2016in News & Reports No Comments

Market News

The 15 Commandments!

Yesterday, the new SEO chair addressed the press. After a quick Q&A, Mohammadi described his plan for the capital market thoroughly. Amid the statement he mentioned the scheme to change the deposit cap of fixed income funds in banks which pour the fresh liquidity to TSE & IFB. Mohammadi testifies to prioritize the following in facing the market challenges ahead:

Read More
factsheet_banner-850x350

Tourism Bank Fixed Income Mutual Fund Fact Sheet – September 2016

by Alireza Hojjatniadate: 5 September 2016in FactSheet No Comments

Tourism Bank Fixed Income Mutual Fund Fact Sheet (Sep 2016)

1

Read More
maxresdefault

Money Market Alarm to go off! – Daily Market News

by Alireza Hojjatniadate: 4 September 2016in News & Reports No Comments

Market News

Money Market Alarm to go off!

Stats shows over the recent months liquidity components has been changed. Term deposits growth rate stood on a two year low in May/Jun 2016, 1.2%, while demand deposits jumped 10% over the same period. This was not just for the spring. Studies reveals since the fall last year, “money/liquidity” ratio grew over “near money/liquidity”. Most likely imperative rates cuts in short intervals is there only to blame. Analysts believe, due to the fact that banks resources might turn to other markets and cause price pressure, this conversion will bring inflationary effects in either long or short terms. Needless to say that a deceleration in term deposits growth rate would make banks weaker on lending.

Read More
Term-Loan

Banks loaned more than USD3.5bn on the first third! – Daily Market News

by Alireza Hojjatniadate: 17 August 2016in News & Reports No Comments

Market News

Banks loaned more than USD3.5bn on the first third!

  • CBI stats show a 37.8% increase on loans granted in 2016/17 first four months. Facilities paid as working capital had a 67.8% share from the total figure and grew 42.6% contrary to the same period last year.
Read More
  • 1
  • 2
  • »

Categories

  • Blog
  • News & Reports

Useful Tags

Agah Brokerage Firm Agah Group Automotive Sector banking banking sector budget Chadormalu Mining and Industrial Company Codal Codal release construction Cultural Heritage Investment Group Daily Daily Market News EPS forecasted IFB inflation interest rate Iran Iran's economy Iran capital market Iran Fara Bourse Iran’s capital market Market Market Cap market overview Mellat Bank Mobin Petrochemical Co. News next year nuclear deal Nuclear Framework Agreement Petrochemical price to earning ratio Saderat Bank SEO Sina Chemical Industries Company Tehran Stock Exchange Trading Halts Trading reopening Trading Reopenings TSE TSE index value of trades volume of trades

Recent Posts

  • Iranian mutual funds now capped! – Daily Market News April 25, 2018
  • Agah Group share of E-trade reaches 7.42% in Iran capital market! – Daily Market News April 24, 2018
  • “NIMA” the Iranian FX platform finally inaugurates! – Daily Market News April 23, 2018
  • Iranian banks to amend structure! – Daily Market News April 21, 2018
  • AGAH Mutual Fund Fact Sheet – March 2018 April 18, 2018

Latest Comments

    Contact Us

    • Agah Building, NO. 13, Pirooz St. Africa Ave, Tehran, IRAN
    • Tel: (+98) 21-82154469 and (+98) 21-82154470 (Saturday to Wednesday) | Fax: (+98)21-82154250
    • inter@agah.com
    • Persian
    • Persian Facebook Fan Page

    Site Map

    • Home
    • Brokerage
    • Asset Management
    • Advisory
    • Investment Banking
    • Risk Managment
    • FAQ

    Partner in Research

    • Invest Direct

    Customer Club

    Bashgah.com

    Copyright © 2015, Agah Group, All Rights Reserved.