Market News

– “Iranian Private Equity funds are going to be established soon on Iran Capital Market with the aim of investing in non-listed private firms and/or loss-making companies in order to make their financial status better and get them listed on Tehran Stock Exchange and Iran Fara Bourse trading boards.”, Said Saeed Fallah Pour, a board member at Iran SEO. Apparently, the correspondent A0A and prospectus initial drafts will be published in three weeks. 

– Khoram Dareh agricultural and livestock company is ready to offer 15% of its share for the first time to the public on Iran Fara Bourse. Listed as “DKHZ”, the company will be the 103rd ticker of IFB second market. 56.4% of its shares belong to the “Mostazafan Foundation” and the rest are for Pars Ferdos Agriholding.

– Securities and Exchange Organization of Iran has announced joining to international public relation association (IPRA) in an attempt to develop its international businesses’ face and act according to the global standards when it comes to public relations. Iran SEO wants to upgrade its notification schemes standards along with the financial culture amid the nation.

– According to the reports of Iran Statistical centre, the growth of the Iranian economy reached 1.9% (oil excluded) during the first quarter (spring) of 1397 (2018/19). Based on the fixed prices of 1390, total GDP of the nation surpassed IRR 1,411,385 bn. Counting oil into calculations, the figure would be 1.7%.

In the Market

Equities performed stormy on today’s session and broke all their previous records. TEDPIX (2.82%) jumped almost 3% and stamped a new all-time high above 165K level. Despite the underperformance of its blue-chip mega-cap, IFEX (+1.24%) managed to close far above its flatline on the new ceiling of 1,902.02 just inches away of 2K level. Trading volume and value also stayed above the previous sessions’ norm which made anticipations more realistic on the dreamy next couple of months.

Technical analyses of major indices show that there is a huge potential for the overall index to jump meteorically until the year-end. Below picture demonstrates the details:

Moreover, Agah analyses on individuals cash injection (withdrawal) show despite the fact that during the last weeks pace of fresh money injection has lowered, there were no noticeable withdrawals in the market from the retail side which somehow guarantees the upward trend of the capital market for next couple of months.

Source:

2018, Iranian Private Equity funds soon to be launched on Iran Capital Market!, Sunday, Sep 23, p.1,<https://agahgroup.com>