Tehran Stock Exchange’s main index lost 414.69 points or 0.42% to end Saturday trade at 97,718.8. About 1 billion shares valued at $77.41 million changed hands at TSE for the day. Trading at TSE and Iran Fara Bourse starts on Saturday and ends on Wednesday. Loghman Pharmaceutical Company incurred the biggest loss among all TSE-listed […]
Market News – Koroush food industries is to issue Corporate Sukuk Murabaha, on Iran Fara Bourse, worth IRR 500 bn (cUSD 10.98 mn) to cover its financing needs. Reporting from capital market news agency, the SEO granted its principal consent for the company to IPO new debt securities for the purchase of raw materials (Sunflower raw oil). This new issue has a nominal […]
The second iteration of the annual Digital Transformation Awards, aimed at recognizing the best companies that improved their business models by way of digital progress, on Tuesday honored a host of firms mostly related to banks. Ertebat Farda E-Commerce Company, Bank Ayandeh’s affiliate that offers banking products and services such as electronic banks, point-of-sale devices, […]
After weeks of speculation about the banking problems of Iranian students and businesses in China, which ranged from difficulties in conducting transactions to the total closure of accounts, a breakthrough has been made to end those concerns. While the Chairman of Iran-China Chamber of Commerce Asadollah Asgaroladi had this week been quoted by local media […]
Governor of the Central Bank of Iran has reiterated that foreign exchange rates will continue to dwindle while saying “we do not insist on illogically bringing down the price of gold coins” in reference to the regulator’s recent announcement that a country-wide coin presale is to start from Feb. 4. “Forex market fluctuations of the […]
Market News – Submitted to the parliament on December 10th, the outlines of Iran Budget Bill for 2018/19 were discussed in the Majlis open session and disapproved with 120 lawmakers against it on Saturday. The Joint Commission, as the responsible body for reviewing the bill, has now been given 72 hours to apply the required changes. The […]
In its bid for a more organized and financially healthy foreign exchange market, the Central Bank of Iran has licensed dozens of new exchange shops since the middle of summer. The latest additions to the list of moneychangers licensed by CBI shows that 618 bureaux de change are allowed to operate in the forex market, […]
With the aim of stabilizing the gold market, boosting supply and facilitating easier access for people, the Central Bank of Iran is to start the presale of gold coins from Feb. 4, the director of the regulator’s Office for Banknote Issuance announced. “The gold coin presale will be conducted through all the branches of Bank […]
Europeans spent much of last year trying to convince US President Donald Trump to do no harm to the nuclear deal Iran signed with world powers in 2015, also known as Joint Comprehensive Plan of Action. Trump’s policy toward Iran is clearly at odds with European interests. Even if he can be persuaded to renew […]
Stocks had a relatively quiet week, as the forex market stole much of the spotlight as well as a large chunk of investors’ liquidity. The US dollar market seems more attractive for the time, yet analysts believe the rial’s devaluation is bound to boost stocks in the long run. Tehran Stock Exchange’s main index TEDPIX […]
