Iran Flag

News

Iranian Private Equity funds soon to be launched on Iran Capital Market!

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>

30Dec 2017

CII to Develop Untapped Insurance Potentials

Central Insurance of Iran, the industry’s sole regulator, is not pursuing the reduction of the state-owned Iran Insurance Company’s market share, as it holds high untapped potential, the CII chief said. “In adding to the share of private insurance companies, CII has no plans to reduce the market share of Iran Insurance Company, but we […]

30Dec 2017

AML Violations to Zero Out in Iran Banking Sector

The Central Bank of Iran, in tandem with the Economy Ministry, is actively pursuing anti-money laundering measures to bring down crimes and violations in the banking system to zero in the foreseeable future, CBI’s director general for regulations, banking permits and anti-money laundering said. Ahead of the major annual Electronic Banking Conference that is to […]

30Dec 2017

TEDPIX Ends Trading Week 2.5% Higher

TSE’s main index TEDPIX jumped 2,391 points or 2.5% during the week that ended on Dec. 27 to close at 97,899.2. The benchmark index of the smaller over-the-counter exchange Iran Fara Bourse gained 0.8 points or 0.1% during the week to stand at 1,082.6. TSE bulls faced benchmark correction on Tuesday after hitting an all-time […]

07Jan 2018

Iran Banking Sector to Expand Ties with International Peers!

Market News * Admitting to hurdles with which Iran Banking Sector is faced in actively working with major international players, which have also kept Iranian banks behind their international counterparts, including adhering to Anti-Money Laundering rules and Fighting Terrorism Finance frameworks as well as Basel Committee Standards, Iranian officials have announced the establishment of 800 correspondent banking […]

08Jan 2018

Iran’s CB Proposes Deferral of Deposit Interest Tax

The scheme to levy taxes on bank deposit interest has come to the fore again, with a senior official at the Central Bank of Iran saying that under the current circumstances, an interest income tax would hurt the Iranian financial system. Jafar Mehdizadeh, director of the Economic Research and Policy Development Department, however, acknowledged that […]

08Jan 2018

New corporate Sukuks on Iran Fara Bourse!

Market News * Tejarat Kousha Sepahan, a private joint stock company active in railway transportation, succeeded to surpass the initial stages of issuing corporate Sukuk Istisna on Iran Fara Bourse to cover its IRR 768 mn (cUSD 17.64 mn) need of capitalization providing the company with 300 new Freighter wagons. These new securities have a maturity of 4 years with a […]