\u2013 According to the latest CBI report, the economic growth of Iran stamped a 1.8% rise for the first quarter of the year 1397(2018\/19). The figures suggest that the Gross Domestic Product (GPD) of the nation reached IRR 1,676.7K bn (USD 39.92 bn -USD\/IRR 42,000) based on the fixed prices of 1390 (2011\/12).<\/p>\n
\u2013 According to IFB deputy market development, this year a total figure of IRR 90,000 bn (USD 2.14 bn)\u00a0Islamic Treasury Bills\u00a0with a maximum term of 3 years will be issued on\u00a0Iran Fara Bourse. Up to this point, 12 issues of\u00a0ITBs\u00a0were offered publically on the exchange and the rest will come forward on a scheduled time frame, said Reza Gholamali Pour. The below picture demonstrates\u00a0the details of debt\u00a0securities volume trend during the last 4 years on Iran Debt Market:<\/p>\n
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In the Market<\/h2>\n
Equities did a U-turn\u00a0today, as anticipated, and advanced mostly during the first half of the market. Despite the fact that the sale pressure added up throughout the end, major indices managed to end the day on a higher note.\u00a0TEDPIX (+1.52%)<\/strong>\u00a0jumped for\u00a02,361.66<\/strong>\u00a0points reclaimed what was lost the other day and stood at\u00a0158,071.91<\/strong>\u00a0once again.\u00a0IFEX (+2.36%)<\/strong>, on the other hand, hiked with more power and closed at\u00a01,837.20<\/strong>\u00a0stamping a new record high.<\/p>\n Today\u2019s trades were deeply affected by the fact that some brokerage houses are facing their fiscal year end soon, therefore, and have to settle their credit lines with CSDI. This added the pressure on stocks as most of their sales happened in the second half of today\u2019s session. Moreover, a new source of uncertainties raised when the customer of a changing Chemicals feed-stock prices spread amid the participants. It seems that once again investors must face with a period of mixed signals from officials until a ratified directive is out.<\/p>\n Utilities (+4.66%)<\/strong>\u00a0were today\u2019s biggest winner since the news will affect them directly and in a good way.\u00a0Mobin (MOBN, +4.52%)<\/strong>\u00a0and\u00a0Fajr (BFJR, +4.99%)<\/strong>\u00a0Petrochemicals<\/strong>, as the two major monopoles of steam, gas, electricity and warm water suppliers were deep in demand and closed the day with orders left in the buy queue. Other small names like\u00a0Damavand Powerhouse (BDMZ, +4.72%)<\/strong>\u00a0also changed greatly in closing.<\/p>\n The somehow co-dependent\u00a0sectors of\u00a0Cement (+2.48%)<\/strong>\u00a0and\u00a0Construction (+4.36%)<\/strong>\u00a0outperformed\u00a0today. With news on rebuilding\u00a0the war-damaged\u00a0Syria and their possible role in the process made the sectors interesting\u00a0in the eyes of investors. It is safe to say that almost all the important names of both sectors ended the day with buy queues and full change percents in their closing.<\/p>\n All in all, Agah analysis shows that a massive amount of individuals cash has been injected into the market during the last 3 months which, in a way, sine is a sign of better than expected participation from the retail side, guarantees the upward trend of the market for a while. the below picture shows the cash injection trend:<\/p>\n <\/p>\n <\/p>\n <\/p>\n <\/p>\n![\"\"](\"http:\/\/agahgroup.com\/wp-content\/uploads\/2018\/09\/2018-09-17_091100.jpg\")
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