Tehran Stock Exchange; safe after DZ cyber attacks!
– Tehran Stock Exchange is once again safe after a series of cyber attacks by ISIL linked hack group named DZ. The attack aimed 200 Iranian hosts and websites including a couple of mutual funds and brokerage firms. “The most harm was for companies using a same server for their website operations” said Roul Allah Dehghan, the head Information Technology department of Tehran Stock Exchange. He assured all the market participants that the danger is now lifted and all the attacked websites are now under maintenance to be soon back on track.
– Saipa Spare Parts Company (Saipa Yadak Co.) issued IRR 850 bn worth of Ijarah Sukuks on Tehran Stock Exchange. The debt instrument is to pay an annual rate of 18% with coupons being settled quarterly over 4 years. The underwriting period was for three days yet all the securities were sold on the first day of issuance.
Down Week continued with a Shaky Note!
In the Market
The stock market was on track to end today’s affair on its session high, but quarter-end selling during the final hour of the action knocked the key indices off their morning highs. The TEDPIX lost 0.04%, continued this week’s losses, along with IFEX (-0.41%) underperformance, widening its weekly decline.
Shielded from this week’s worst than expected performance in almost all sectors, the Information Technology (+0.11%) shed a better light on the whole market. Big names of the sector advanced with Parsian E-Commerce (EPRS1, +1.86%, IRR 3,769) being the leader. Other names like Persian Asan Pardakht (APPE1, +0.74%, IRR 23,960) and Iran Kish Credit Card (RKSH1, +0.19%, IRR 4,266) were next in the line for today’s hike in the industry.
Oil Products tickers began the day with modest gains that were a by-product of relative strength yet through the market end non could stay away from their flat lines. Isfahan Oil Refinery (PNES1, +1.22%, IRR 2,908) started the day on higher note, however, the final trades were on a downward trend.
In general, until after a real drive occurs in the market, the volume and value of trades would remain this low and there is a good chance that even worst days are to come.
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