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Iran Debt Market to Issue new Islamic Treasuries! – Daily Market New

by date: 5 November 2017in News & Reports No Comments

Iran Debt Market to Issue new Islamic Treasuries!

Market News

– In an attempt to develop Iran Debt Market further, the chair of Iran’s Securities and Exchange Organization announced new Treasuries are be offered in Iran Fara Bourse soon. According to Shapour Mohammadi there is an outstanding figure of cIRR 160,000 bn worth securities available in the Iran Debt Market now that are to be matured upon the year end. “There a huge potential for new Islamic treasuries in the Iran Debt Market now. Eyeing the budget bill, the administration is allowed to deploy cIRR 300,000 bn new securities into the Iran Capital Market and we are confident to to do as such” he continued. Below table demonstrate the latest status of outstanding ITBs in the Iran Debt Market. Analysts believe that if the new issues happen in a timely fashion and gradually, it could be easily absorbed into market without any dire effects on interest rates.

Highway Signpost

East Azarbayejan Pegah Dairy Went Public on Iran Fara Bourse! – Daily Market News

by date: 16 October 2017in News & Reports No Comments

East Azarbayejan Pegah Dairy Went Public on Iran Fara Bourse!

Market News

– Today 10% of East Azarbayejan Pegah Dairy (GHPZ1) went public on Iran Fara Bourse through book building as the 9th IPO of current Persian year (2017/18). The ticker priced at IRR 3,355 and each individual and institutional trading code got 155 shares. The company foretasted an EPS of IRR 332 for the coming period, make its P/E ratio near 10 which still is double of its peer group.

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Halt, Suspension and Reopening to be amended on Tehran Stock Exchange! – Daily Market News

by date: 15 October 2017in News & Reports No Comments

Halt, Suspension and Reopening to be amended on Tehran Stock Exchange!

Market News

Today a new directive placed into effect by Iranian SEO aiming to amend sever shortcomings of Tehran Stock Exchange in regards of tickers’ halts, suspensions and re-openings. Committing to its basic duties for a more transparent and liquid stock market, Securities and Exchange Organization, amended the main headlines on previous bylaw governing tickers closure and re-opening.

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EU tightens ties with Iranian Banks! – Daily Market News

by date: 8 October 2017in News & Reports No Comments

EU tightens ties with Iranian Banks!

Market News

– Despite all the political tensions from US side, European banks are still eager to engage more deeply with Iranian Banks. According to an interview with one of financial directors (Ulrich von Zanthier) of KPMG, one of the world’s auditing big $, EU banks are showing interest in Iranian market. In his opinion, business with Iran is gradually lifting and it will become more into effect in near future. The German official mentioned Denmark’s Danske Bank and Austria’s Oberbank as major lenders that have already stepped in to finance projects in Iran. Von Zanthier said more than 1,000 correspondent banks in Germany can provide a variety of services to Iranians and it is not essential at present to insist on linking up with big banks.

performance

Tehran Stock Exchange performed acceptable on 1396 H1! – Daily Market News

by date: 24 September 2017in News & Reports No Comments

Tehran Stock Exchange performed acceptable on 1396 H1!

Market News

– Tehran Stock Exchange stamped an acceptable return of 11.1% for first half of Iranian year 1396 (2017-18) indebted mostly to August September performance (4.2%). However, despite the rise of 3,500 points for the TEDPIX, trade volumes were lower than enough to show signs of market deep recovery. According to analysts, the trade turnover of individual investors which has been always the skeleton key to market prosperity was way weaker than expected contrary to recent months. The below table demonstrate the participation share of individuals versus institutions.

Iran Fara Bourse

Treasury Bills to return on Iran Fara Bourse! – Daily Market News

by date: 3 September 2017in News & Reports No Comments

Treasury Bills to return on Iran Fara Bourse!

Market News

– After a temporary lockdown of 6 months, Islamic Treasury Bills are to come back on Iran Fara Bourse trading board. Just the other week, initial reception process of new government bonds for IRR 120,000 bn carried out and new bills, doubling the size of total issues, are now listed on Iran Fara Bourse main debt board. Moreover, for the first time Iranian government published treasuries with maturities up to 24 months. The below table gives an insight on Iranian debt market status and terms of new treasuries.

Iranian Banks

Iranian Banks to lower the overnight rates! – Daily Market News

by date: 20 August 2017in News & Reports No Comments

Iranian Banks to lower the overnight rates!

Market News

– Central Bank of Iran‘s chair, Vali-Allah Seif, announced that Iranian Banks agreed on dropping the overnight lending rate down to 18%. According to Dr. Seif, CBI’s past experience meddling for lower rates was successful to take down the figure from 28 to 17 percent and it was only logical for CBI to act in the middle this time again. Moreover Iranian Banks shall be cautions towards their resources and consumption since central bank is now watching over their shoulders looking for inappropriate overdrafts.

Iran IPO

“Mobin One” went public on Iran Fara Bourse! – Daily Market News

by date: 9 August 2017in News & Reports No Comments

“Mobin One” went public on Iran Fara Bourse!

Market News

– Today 10% of “Kish Mobin One Co.” (MOBZ1, IRR 3,470) went public as the first IPO of the year on Iran Fara Bourse second market. The ticker was supposed to be priced in the range of IRR 3,400 to 3,470 through book building and finally 10 mn shares changed hands at +247% of its par. The P/E ratio stood on 6.5 which still is much lower than its peers like Atieh Data Processing with P/E of 14.0. The company is to provide value added services like VAS and IVR in the field of telecommunications.

Iran Mercantile Exchange

Iran Mercantile Exchange Turned Gold! – Daily Market News

by date: 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.

framework

IFRS framework on Tehran Stock Exchange! – Daily Market News

by date: 16 July 2017in News & Reports No Comments

IFRS framework on Tehran Stock Exchange!

Market News

Just days after the Central Bank announcement obliging all listed and non-listed banks and financial institutions to present their financial statements with regards to IFRS standards, today the deputy exchanges supervision, Hossein Amiri, drew the outlines for all issuers on Tehran Stock Exchange. The new statements are to be out with an eye on IFRS standards no longer than 6 months after the release of their locally audited ones for the current fiscal year. International financials shall be audited and in Persian. Publishing the English IFRS statements are optional for Tehran Stock Exchange issuers. It is worth mentioning that the decision making criterion on annual general meetings would be based on local financial statements.