Market News – Following the implementation of Corporate Governance amid Iranian Brokerage Firms, directed by SEO, now the state-owned banks are to take proper measures to implement required frameworks in order to have a world-class risk management, AML and internal inspection-auditing processes. The ministry of economy and financial affairs is the executive body pursuing this matter communicated with banks […]

Market News – In its latest chair meeting, the Financial Action Task Force (FATF) left Iran with another 4 months period in order to complete its reformative measures in the fight against money laundering and terrorist financing. This is another diplomatic win for Iran against disputed with the US and coming sanctions. The FATF related amendments of Iranian law […]

Market News – In its latest hostile action against Iran, the United State (OFAC) put some TSE listed companies under the SDN list subjected to secondary sanctions. The reason behind this action is the fact that sanctioned companies are in close relations with Iran “Basij” forces. Below list shows the details of listed tickers subjected to […]

Market News – As the US sanctions deadline closing in and with the aim of cancelling its negative effects on Iran oil exports, the national oil company has decided to offer crude for export purposes on Iran Energy Exchange – 80% currency settlement – 20% IRR (SANA rate) settlement. The base price for the offering is $79.15 per barrel to […]

Market News – After the recent fluctuations of Iran Capital Market, which was mostly due to unprofessional behaviour of inexperienced investors along with uncertainties of upcoming political situations, there were some concerns with regards to the future path of the stock market. Agah Group analyzed the current situation of the Tehran Stock Exchange and Iran Fara Bourse with an eye on […]

Market News – Stats show that the pace of money supply (cash component) growth in Iran Economy has been accelerated over the month of Mordad (Jul-Aug 2018) reached 39.7% which is the highest since 1390 (2011-12). This figure for the “near money” part was 17.5% that made the total number for money supply around 20%. Considering the fast-moving nature of the […]

Market News – On Monday, Oct 25, 2018, 10% of Avicenna pharmaceutical company offers publically for the first time on Iran Fara Bourse. The company has 35 mn shares and each individual and institutional investors can only place orders for 700 shares through book building method. The price range has been anticipated to be between IRR 3,000 and 3,300. […]

Market News – In an attempt to deepen their business relations, Iran & Turkey are to establish a dedicated bank easing the trade processes between the nations. Economy, Banking and Petrochemical, Iron ore and industrial part purchases are the areas of interest between two countries and in that regard and as the first step, an export […]

Market News – Reuters reports that IMF released its latest research on the global economy and of course Iran’s situation. According to news, IMF reduced Iran Economy growth rate to -1.5% for the year 2018 (previously was +4.4%!) and also predicted that Iran will face with an inflation rate of 29.6%. The unemployment rate would reach 12.8 as well which […]

In the Market – After the recent chaotic situation dominating the Iranian economy, Iran Chamber of Commerce offered an exit plan to the president Rouhani’s administration containing 12 reformative approaches. According to the headlines which the head of ICC sent the first VP, Eshaq Jahangiri, the government, most importantly, shall: Stop payment of subsidized USD/IRR ar 42,000 rate to any goods […]