Tehran Stock Exchange’s main index lost 152.17 points or 0.15% to end Monday trade at 98,148.52. About 933.18 million shares valued at $49.28 million changed hands at TSE for the day. Trading at TSE and Iran Fara Bourse starts on Saturday and ends on Wednesday. Sarma Afarin Company incurred the biggest loss among all TSE-listed […]

Market News – Securities and Exchange Organization of Iran granted its principal consent on issuance of IRR 1,050 bn worth of Sukuk Ijara (on Iran Capital Market) for Alborz Railways Equipment Co. in order to buy 15 locomotives. These securities will be offering on Iran Fara Bourse and have a maturity of 5 years with Ijara (Rent) rate of 15%. The guarantor […]

Tehran Stock Exchange’s main index lost 128.95 points or 0.13% to end Sunday trade at 98,300.7. About 998 million shares valued at $43.66 million changed hands at TSE for the day. Trading at TSE and Iran Fara Bourse starts on Saturday and ends on Wednesday. Saipa Diesel Company was the biggest riser, going up 4.93% […]

Market News – Just the other day, Central Bank of Iran put a directive into effect allowing banks to issue 20% (Per annum) certificate of deposits which eventually affected Iran Debt Market. Aiming to stabilize the FX market, CBI directive caused a plunge in debt securities’, specifically Islamic Treasury Bills, prices, ended for almost all of the YTMs to hike over […]

Governor of the Central Bank of Iran Valiollah Seif defended this week’s crackdown on the foreign exchange market to counter market disruptors, saying the move was in line with “global norms”. “Countering economic disruptors is an accepted norm in the world. Therefore, CBI is collaborating with Law-Enforcement Forces that clamped down on foreign exchange disruptors,” […]

The Central Bank of Iran’s measures, namely to issue certificates of deposit and launch the presale of gold coins, from Saturday seem to have had an impact on Tehran’s market as the rate of the US dollar experienced a 1% decline to reach 46,800 rials. Other major currencies, including euro and pound, stumbled as well. […]

Bank of Industry and Mine sold off a 51% stake in its investment arm, Industry and Mine Investment Company on Tuesday on the capital market, BIM’s head of subsidiaries and general meetings manager, Abolfazl Najjarzadeh, announced. Over 2.29 billion shares with a base price of 1,900 rials per share were offered on Tehran Stock Exchange […]

Market News – Official stats from Iran statistical center show a solid growth in housing sector of Iran’s Economy over a one-year period from Fall 2016/17 to Fall 2017/18. The average price for 1 square meter of residential land in Tehran rose for 16.6% while the growth figure for average monthly rent of apartments is around 14.8%. After a long lasting […]

Lawmakers on Tuesday passed a number of measures related to the banking system and the National Development Fund of Iran while reviewing articles of the fiscal 2018-19 budget. According to ICANA, the official news portal of the parliament, the first measure pertained to the process of NDFI making deposits with agent banks to be allocated […]

Iran has established banking relations with close to 300 foreign banks two years after the landmark nuclear deal with world powers, the Central Bank of Iran announced. In its latest series of reports published on its website to mark the 39th anniversary of the Islamic Revolution, the bank said that by Jan. 20, Iranian banks […]