Market News – Continuing the stream of Iran’s government overdue liabilities settlement, today a new piece of Islamic Treasury Bills has been offered to public on Iran Fara Bourse. The issued securities worth IRR 17,000 bn (cUSD 373.62 mn) and will be matured in one year. “TB191” price at IRR 864,959 with a YTM and BEY of 17.46% (17.37% commission included) […]

The rial continued to drop to record lows against the US dollar on Sunday, ending a short spell of stability that held for only a few days after the government assured the public that volatility in the foreign exchange market was temporary. The greenback’s foreign exchange rate, which had nearly touched the psychological threshold of […]

As approved by the Iranian Parliament on Sunday, those with an annual income of less than 276 million rials ($5,872) will be exempt from paying income tax in the next Iranian year (March 2018-19). The next year’s income tax model will be a progressive one, meaning people with higher incomes will pay higher tax rates, […]

Tehran Stock Exchange’s main index gained 89.39 points or 0.09% to end Sunday trade at 97,808.2. About 719 million shares valued at $36.6 million changed hands at TSE for the day. Trading at TSE and Iran Fara Bourse starts on Saturday and ends on Wednesday. Electric Khodro Shargh Company was the biggest riser, going up […]

Market News – Just the other day, Ekbatan Gas (EGCS1) Co. got listed on Iran Fara Bourse to be the 17th Iranian company on Iran SME Market waiting for its IPO. The firm is one the largest safety and measurement equipment producers of the industry and is affiliated with Oil Industry Investment Co. EGCS1 has a pre-IPO market cap of IRR […]

In a performance report covering the period since the current fiscal year began in March 2017, the Central Bank of Iran has reviewed its major monetary policies related to reducing bank interest rates, boosting production and empowering people’s purchasing power. On bank interest rates, the regulator first notes that it has continuously and meaningfully decreased […]

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 […]

Market News *Following the Central Bank of Iran’s directive on prohibiting banks and credit institutions from non-banking operations, eventually aimed at complying with internationally accepted standards to accelerate the resumption of its activities with their foreign peers, Bank Saderat announced the plan to divest its stake in 5 companies. Consequently, 98% of Sepehr Energy (energy sector), 95% […]

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, […]