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15Jul 2018

Market News – After the recent policy to unify the USD/IRR rate at 42,000 on Iran economy, there were massive misuses of this subsidize rate by importers. Reports show that several violations of law happened since then where importers sell their subsidized goods at USD/IRR free market rate. Now the administration is to stand against these rents and […]

14Jul 2018

Market News – The guardian council of Iran rejects the amendment of anti-money laundering act which includes FATF considerations. This body has announced the act is in contradictory with Iran’s constitution and shall be offered via Judiciary body and not the parliament. – Aiming to directing liquidity towards Iran Stock Market in a best practice manner, the Head of the Securities […]

11Jul 2018

Market News – Following the recent policies about making a secondary market for exporters to provide their FX revenues on a fair market price to importers, yesterday, the first trade of said kind was carried out Iran FX Secondary Market at USD/IRR rate of 75,230. Royal Exchange House was the buyer of 10,000 AED (USD/AED 3.67) at AED/IRR 20,500 […]

10Jul 2018

Market News – Following the wild fluctuations in the forex market since late last year and its sky-high jump in early April, the government unified this rate putting the official USD/IRR at 42,000; it then, obliged the offering of foreign currency from exporting oil plus minerals, steel and petrochemical products (which account for 80% of non-oil […]

08Jul 2018

Market News – In an attempt to support the pouring money sources into Iran Stock Market, the economy coordinating high council has decided to lower taxes on equity sales by 80%. Traders were obliged to pay 0.5% tax upon the sale of their equities before and now the figure reduced to only 0.1%. This could have a massive effect […]

07Jul 2018

Market News – With the issuance of new Islamic T-bills series’ last piece tomorrow on Iran Debt Market, the composition of Iranian government debt securities gets more diverse and considering the yields, the market is now more attractive than ever. “TB301” is worth IRR 15,246.43 bn (USD 355.415 mn) and will be matured on 18 August 2020. […]

04Jul 2018

Market News – Holding IRR 1,300 bn in capital, today, 10% of Qadir Petrochemical (PGHZ1), as a subsidiary to Tamin Petroleum and Petrochemical Investment Company (PTAP1), equal to 130,000,000 shares went public on the Chemicals space in Iran Fara Bourse through the book building method; each share price could range between IRR 1,650-IRR 1,700 and each trading code, both individual […]

03Jul 2018

Market News – Tehran Stock Exchange performance analysis for spring 1397 (2018/19) shows that the exchange recorded a 13% gain for this quarter while gift its investors a 38% annual (P to P) return. The top gainer sectors of Q1 were: Wood products: 78% Iron Ores: 45% Metals: 33% Amid 39 industries, data shows that […]

02Jul 2018

Market News – In an attempt to minimize the effect of US sanctions on Iran oil sales, the vice president announced they are taking proper measures to make the bed for offering crude oil on Iran Capital Market. In this scheme, private firms are the buyer of crude on Iran Capital Market which will later export the […]

01Jul 2018

Market News – Iranian food industry is to utilize the capacity of Iran Capital Market covering its financing needs by issuing Islamic Corporate Sukuks. Tomorrow, Kourosh food industry co. (a private joint stock firm) will publish IRR 500 bn (USD 11.8 mn) worth of Murabaha Sukuks on Iran Fara Bourse. The securities are going to be mature in 2 years and have an […]