![\"Iran](\"http:\/\/agahgroup.com\/wp-content\/uploads\/2018\/09\/2018-09-12_081414.jpg\")
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\u2013 The CEO of Iran\u00a0securities and exchange organization\u00a0announced that in line with the development of the\u00a0capital market, two new instruments will be soon on the\u00a0Tehran Stock Exchange\u00a0and\u00a0Iran Fara Bourse. Warrants, Re-insurance and catastrophic securities have been raised\u00a0with SEO\u2019s Fiq council from which the first one earned the principal consent and the two others are in line next.<\/p>\n
\u2013 After 50 years, the rules and regulation of Iran Central Bank are subjected to serious and fundamental amendments in an attempt to make the entity more\u00a0independent and self-organized.\u00a0The major headline of this change is on creating a powerful supervision establishment to replace\u00a0the traditional monitoring schemes. Moreover, this amendment will pave the road for the upcoming and absolutely vital reform of the banking rule of law.<\/p>\n
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In the Market<\/h2>\n
Stocks boosted out of the gate on today\u2019s session with an unbelievable strength as the day wore on, ending higher for the second day in a row this week. The benchmark\u00a0TEDPIX<\/strong>\u00a0finished with a super gain of\u00a04.36%<\/strong>, closed at\u00a0155,061.06<\/strong>\u00a0and stamped another record high of all time.\u00a0IFEX<\/strong>\u00a0jumped meteorically as well to\u00a01,771.25<\/strong>\u00a0left\u00a075.28<\/strong>\u00a0positive points behind. Trading volume and value also reached to interesting levels of\u00a01.12 bn<\/strong>\u00a0shares and\u00a0USD 479.98<\/strong>\u00a0mn respectively.<\/p>\n The rumours of a free FX rate for the last standing sector of\u00a0Chemicals (4.75%)<\/strong>\u00a0hand in hand with positive adjustment reports from\u00a0Metals (4.87%)<\/strong>sector components and rising crude prices for the\u00a0Oil Products (4.57%)<\/strong>\u00a0industry made a historic day for\u00a0Tehran Stock Exchange<\/strong>\u00a0and\u00a0Iran Fara Bourse<\/strong>. After all, the recent holistic approach adopted by the administration to not control commodities trades caused a true adjustment of prices in line with today\u2019s\u00a0economic realities.<\/p>\n Despite the fact that today\u2019s session has a hint of over thrill amid rookie participants, analysts believe that the market has the potential to move up another60-70%<\/strong>\u00a0from this point on until the end of 1397\u00a0(Mar 2019).<\/strong>\u00a0Technical charts of the overall index along with most of the blue-chip tickers show that they just got out of their year-long bearish bond and could rise a bit more if the country stays in its \u201cstatus quo\u201d.<\/p>\n However, the slightest\u00a0change in the officials\u2019 decision making progress or political pressures from outside\u00a0could change the course of all market including TSE and IFB. Moreover, as it was anticipated before, the unleased money supply growth of the nation could bring a fire to all markets, productive and non-productive, that could need years to die out.<\/p>\n <\/p>\n <\/p>\n <\/p>\n <\/p>\n![\"\"](\"http:\/\/agahgroup.com\/wp-content\/uploads\/2018\/09\/2018-09-12_140105.jpg\")
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