{"id":5160,"date":"2018-05-01T06:53:32","date_gmt":"2018-05-01T06:53:32","guid":{"rendered":"http:\/\/en.azpar.com\/?p=5160"},"modified":"2018-05-06T06:58:59","modified_gmt":"2018-05-06T06:58:59","slug":"cbi-rescue-package-effects-on-iranian-mutual-funds-analyzed","status":"publish","type":"post","link":"https:\/\/en.azpar.com\/?p=5160","title":{"rendered":"CBI rescue package effects on Iranian mutual funds analyzed!"},"content":{"rendered":"

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

\u2013 Just a month shy from the Persian year 1396 (2017\/18) and due to unleashed volatilities of the FX market, Iranian central bank proposed a rescue package\u00a0aiming to dry the wandered cash in hands of the society. Now months after the CBI\u2019s decision, effects of the plan have been analyzed by \u201cRasamFunds\u201d. Below tables show the inflow\/outflow streams to\/from\u00a0Iranian mutual funds\u00a0in different periods. The conclusion is that whilst the rescue package drained the total AUM of said funds, the equity portion of their portfolios has shown growth.<\/span><\/p>\n

\"\"<\/a><\/p>\n

\"\"<\/a><\/p>\n

\u2013 Notified by the cabinet members, the\u00a0demanded\u00a0wheat\u00a0for the baking industry will be provided via\u00a0Iran Mercantile Exchange\u00a0at IRR 9,000 per kilo from this year on.\u00a0The government trading corporation (GTC)\u00a0is obliged to purchase the excess amount of wheat from farmers with a guaranteed price.<\/p>\n

\u2013 In regards with the\u00a0USD\/IRR exchange rate unification\u00a0on April 10th<\/sup>, which led to the introduction of\u00a0the Integrated Foreign Currency System, aka NIMA,the governor of the\u00a0Central Bank of Iran\u00a0stated that more than $3 bn of the FX needs on the demand side has been allocated and more than $2 bn has been provided since this decision (11-28 April), which shows that there has been no delay in foreign trades, although admitting that the system is not without flaws and promising that they would be soon addressed.<\/p>\n

In the Market<\/strong><\/h2>\n

The value and volume of trades were light ahead of the upcoming holiday tomorrow, in addition to the previously said sources of ambiguity putting a brake on investors\u2019 purchase decisions.<\/p>\n

Following the Central Bank of Iran\u2019s attempts to implement reform in Iran\u2019s banking system, Samen Credit Institute, Mehr-e Eqtesad Financial and Credit Institute (with IRR 12,000 bn in capital on the IFB) and Bank Ansar\u2019s (with IRR 10,000 bn in capital on the TSE) merger is in its final stage and the new bank will start operating within the upcoming days. After implementation, investors will be able to purchase the shares of the new bank on the capital market. The\u00a0Banking<\/strong>\u00a0sector ended today\u2019s session with no particular movements.\u00a0After a 2-month halting period and following holding its AGM, Bank Gardeshgari (Tourism) returned to the market shedding 20% at IRR 1,100.<\/p>\n

Higher demand was seen in the\u00a0Oil Products<\/strong>\u00a0group early in the session, although the group settled with slim gains eventually.<\/p>\n

The\u00a0Automotive<\/strong>\u00a0industry continued to see positive trades, led by Saipa and Saipa Diesel, gaining more than 2%. Electric Khodro Sharq and Iran Tractor Mfg. Casting went up by 4%.<\/p>\n

While the\u00a0Metals<\/strong>\u00a0group finished mostly in the red, the\u00a0Iron Ore<\/strong>\u00a0space saw better trades with Iran Manganese growing by 3%.<\/p>\n

The\u00a0Sugar<\/strong>\u00a0sector also finished this session mostly above its flat line with Shirvan, Qouchan & Bojnourd Sugar, Shahroud Sugar and Hegmatan Sugar seeing higher demands the more we approached the end of the session.<\/p>\n

\"\"<\/a><\/p>\n

\"\"<\/a><\/p>\n

\n

\"\"<\/a><\/p>\n

Source:<\/p>\n

2018, CBI rescue package effects on Iranian mutual funds analyzed!, \u060cTuesday, May 01, p.1,<https:\/\/agahgroup.com<\/a><\/em>><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Market News \u2013 Just a month shy from the Persian year 1396 (2017\/18) and due to unleashed volatilities of the FX market, Iranian central bank proposed a rescue package\u00a0aiming to dry the wandered cash in hands of the society. Now months after the CBI\u2019s decision, effects of the plan have been analyzed by \u201cRasamFunds\u201d. Below […]<\/p>\n","protected":false},"author":1,"featured_media":5163,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6,28,31,1],"tags":[],"class_list":["post-5160","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\/5160","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=5160"}],"version-history":[{"count":3,"href":"https:\/\/en.azpar.com\/index.php?rest_route=\/wp\/v2\/posts\/5160\/revisions"}],"predecessor-version":[{"id":5164,"href":"https:\/\/en.azpar.com\/index.php?rest_route=\/wp\/v2\/posts\/5160\/revisions\/5164"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/en.azpar.com\/index.php?rest_route=\/wp\/v2\/media\/5163"}],"wp:attachment":[{"href":"https:\/\/en.azpar.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5160"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/en.azpar.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5160"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/en.azpar.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5160"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}