{"id":4913,"date":"2018-04-04T06:16:02","date_gmt":"2018-04-04T06:16:02","guid":{"rendered":"http:\/\/en.azpar.com\/?p=4913"},"modified":"2018-04-06T06:20:33","modified_gmt":"2018-04-06T06:20:33","slug":"margins-up-on-iran-mercantile-exchange","status":"publish","type":"post","link":"https:\/\/en.azpar.com\/?p=4913","title":{"rendered":"Margins up on Iran Mercantile Exchange!"},"content":{"rendered":"

Market News<\/strong><\/h2>\n

\u2013 Following the recent rise in\u00a0Iranian gold coin\u00a0(Bahar Azadi) price, the derivate board of\u00a0Iran Mercantile Exchange\u00a0has decided to take margin limits higher for future contracts. According to the news, the\u00a0initial margin\u00a0is set to be IRR 17,500,000 for each contract from today (Apr 04, 2018). Counting the additional margin as well, the total figure would be IRR 22,500,000.<\/span><\/p>\n

\u2013 The\u00a0international monetary fund\u00a0(IMF) just released its new report on\u00a0Iran\u2019s Economy, showing that deepening the domestic\u00a0debt market, specifically the\u00a0Islamic Treasury Bills, is on the administration\u2019s agenda to offset a part of the nation\u2019s inability accessing international finances. Pointing out to\u00a0AML and Anti Terrorism\u00a0issues on another part, IMF suggests, while the local government attempts for better disclosure is considered as constructive, that Iranian policymaker shall subject the related constitutional regulations to a serious reform.<\/p>\n

\u2013 Despite the earlier rumours around the termination of mutual collaboration between\u00a0Iranian banking sector\u00a0and\u00a0Austria\u2019s Oberbank, the\u00a0CBI\u2019s officials along the Austrian ambassador strongly rejected such termination and stated that the two banks are doing the correspondent relations as previous with no changes whatsoever.<\/p>\n

Just a mild green!<\/h2>\n

In the Market<\/h3>\n

Iranian equities ended today\u2019s session with just a pinch of green along with low trading volume and value. The\u00a0TEDPIX advanced 0.07% and stabilized itself above 97,000.0 level. On the other hand, IFEX (-0.60%) showed relative\u00a0weakness and closed below its flat.<\/p>\n

The most influential group \u2013 metals sector (-0.12%) \u2013 finished\u00a0lower, but struggled up until the end-afternoon rally The group\u2019s turnaround helped boost investor sentiment, which has suffered in recent weeks amid a lack of sector leadership. Isfahan Steel Co. (FOLD1, -1.04%) led the negative trend for the sector stamped solely -58.45 points on the overall index. Meanwhile, National Copper Industries (MSMI1, +1.30%), thanks to promising future of global meta markets, compensate for the whole sector for a bit. Other than those, the rest of group\u2019s\u00a0tickers traded on a balance.<\/p>\n

On the flip side, Gol-e-Gohar industries were alone to carry the negative weight of its peer teammates on the Iron Ore sector (+0.46%). The ticker\u00a0traded for 3.1 mn shares in positive territories and left 41.63 green points behind on the index. Others,\u00a0literally, were spent on trades.<\/p>\n

Jam Petrochemical (PJMZ1, +1.0%) of the famous chemical sector (+0.25%) jumped and the most of its peered group came along with it, thanks in part to some short-covering activity.<\/p>\n

Considering being on the last working day of the first business week\u00a0after holidays, the whole market went through rather calm and range bounced trades. There is the fresh coming week ahead to look for some serious action in the capital market. Afterall\u00a0all participants\u00a0have their eyes on USD\/IRR\u00a0volatilities and\u00a0are super eager to have any official comments on the silent rate rises to above 50,000 level.<\/p>\n

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Source:<\/p>\n

2018, Margins up on Iran Mercantile Exchange!, Wednesday, April 4, p.1,<https:\/\/agahgroup.com<\/a><\/em>><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Market News \u2013 Following the recent rise in\u00a0Iranian gold coin\u00a0(Bahar Azadi) price, the derivate board of\u00a0Iran Mercantile Exchange\u00a0has decided to take margin limits higher for future contracts. According to the news, the\u00a0initial margin\u00a0is set to be IRR 17,500,000 for each contract from today (Apr 04, 2018). Counting the additional margin as well, the total figure […]<\/p>\n","protected":false},"author":1,"featured_media":4915,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6,28,31,1],"tags":[],"class_list":["post-4913","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-news","category-news","category-news-events","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/en.azpar.com\/index.php?rest_route=\/wp\/v2\/posts\/4913","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/en.azpar.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/en.azpar.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/en.azpar.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/en.azpar.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4913"}],"version-history":[{"count":3,"href":"https:\/\/en.azpar.com\/index.php?rest_route=\/wp\/v2\/posts\/4913\/revisions"}],"predecessor-version":[{"id":4918,"href":"https:\/\/en.azpar.com\/index.php?rest_route=\/wp\/v2\/posts\/4913\/revisions\/4918"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/en.azpar.com\/index.php?rest_route=\/wp\/v2\/media\/4915"}],"wp:attachment":[{"href":"https:\/\/en.azpar.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4913"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/en.azpar.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4913"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/en.azpar.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4913"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}