{"id":5139,"date":"2018-04-29T08:42:06","date_gmt":"2018-04-29T08:42:06","guid":{"rendered":"http:\/\/en.azpar.com\/?p=5139"},"modified":"2018-04-30T08:45:18","modified_gmt":"2018-04-30T08:45:18","slug":"tehran-stock-exchange-to-be-resilient-towards-fx-fluctuations","status":"publish","type":"post","link":"https:\/\/en.azpar.com\/?p=5139","title":{"rendered":"Tehran Stock Exchange to be resilient towards FX fluctuations!"},"content":{"rendered":"

Market News<\/h2>\n

\u2013 After massive impacts on\u00a0Tehran Stock Exchange\u00a0mostly due to the volatility of USD\/IRR over recent months, a member of\u00a0SEO\u2019s\u00a0high council announced three solutions on agenda in order to prevent future effects of such fluctuations. A) Establishment of FX-denominated\u00a0mutual funds, B) Issuance of foreign currency denominated\u00a0debt securities\u00a0and C) FX-denominated\u00a0hedging instruments (derivates) are among the \u201cto do list\u201d of\u00a0Iran capital market\u00a0regulator. According to the officials, SEO has now the required infrastructure to make mutual fund idea operational. Said funds are able to purchase\u00a0Iranian banksLCs to exporters, Government or corporate FX denominated bonds or deposit in banks\u2019 currency accounts.\u00a0<\/span><\/p>\n

\u2013 Three\u00a0Iranian Banks\u00a0are to open branched\u00a0in EU soon. According to the Iranian ambassador in Germany, Middle-East and Saman banks have already chosen Munich and Frankfurt cities to open their branches in and Sina bank is yet to decide. Moreover, trade relations have seen a rise of 12.5 percent between Iran and EU during the first two months of 2018.<\/p>\n

\u2013 According\u00a0to a new report published by the SEO, following sectors (see table below) are among best and worst performed industries in a 30 days period ended 25 April 2018:<\/p>\n

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Rock bottom even Fails to Nudge the Market Higher!<\/h2>\n

In the Market<\/h3>\n

The major averages ended\u00a0today\u2019s session much lower despite strong expectations for the market to rebound. The TEDPIX finished a tick below its previous closing (-0.5%) and the IFEX continued its powerful bearish trend lost n -0.34% and stood on 1,051.60 level.<\/p>\n

Nothing soared\u00a0since the opening bell and everything went south from the early beginning. Concerned\u00a0are now raised higher with\u00a0regards to political climate made the investors pessimistic towards the short-term future of\u00a0the capital market.<\/p>\n

Chemicals (-1.05%) and Metals (-0.40) sectors went through a similar experience and their blue chips led the red session from the start. Persian Gulf\u00a0Petrochemical Co. (PKLJ1, -1.34%) and\u00a0Isfahan Mubaraka Steel (FOLD1, -0.97%) damped the overall index for almost 140 negative points. This\u00a0was while other sectors underperformed as well after ambiguities in the unified FX rate made its way to the bones. The TSE itself lost more than 4% of its M-cap in a matter of only 20 days.<\/p>\n

All factors show that the short-term outlook for the market is shady and there are too many systematic risks to deal\u00a0with.<\/p>\n

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Source:<\/p>\n

2018, Tehran Stock Exchange to be resilient towards FX fluctuations!, Sunday, April 29, p.1,<https:\/\/agahgroup.com<\/a><\/em>><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Market News \u2013 After massive impacts on\u00a0Tehran Stock Exchange\u00a0mostly due to the volatility of USD\/IRR over recent months, a member of\u00a0SEO\u2019s\u00a0high council announced three solutions on agenda in order to prevent future effects of such fluctuations. A) Establishment of FX-denominated\u00a0mutual funds, B) Issuance of foreign currency denominated\u00a0debt securities\u00a0and C) FX-denominated\u00a0hedging instruments (derivates) are among the […]<\/p>\n","protected":false},"author":1,"featured_media":5141,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6,28,31,1],"tags":[],"class_list":["post-5139","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\/5139","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=5139"}],"version-history":[{"count":3,"href":"https:\/\/en.azpar.com\/index.php?rest_route=\/wp\/v2\/posts\/5139\/revisions"}],"predecessor-version":[{"id":5144,"href":"https:\/\/en.azpar.com\/index.php?rest_route=\/wp\/v2\/posts\/5139\/revisions\/5144"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/en.azpar.com\/index.php?rest_route=\/wp\/v2\/media\/5141"}],"wp:attachment":[{"href":"https:\/\/en.azpar.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5139"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/en.azpar.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5139"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/en.azpar.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5139"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}