{"id":6182,"date":"2018-12-03T12:16:37","date_gmt":"2018-12-03T12:16:37","guid":{"rendered":"http:\/\/en.azpar.com\/?p=6182"},"modified":"2018-12-03T12:18:55","modified_gmt":"2018-12-03T12:18:55","slug":"iran-trade-balance-turns-positive-as-non-oil-exports-surges","status":"publish","type":"post","link":"https:\/\/en.azpar.com\/?p=6182","title":{"rendered":"Iran Trade Balance turns positive as non-oil exports surges!"},"content":{"rendered":"

Market News<\/h2>\n

\u2013 After the first 8 months of 1397 (2018\/19), the total\u00a0non-oil exports\u00a0surpassed USD 31.491 bn which made Iran Trade Balance positive for USD 2 bn.\u00a0The figure is raised 12.96% in value contrary to the same period last year. Major exports of Iran were gas condensates (8.81%), liquid\u00a0propane (4.25%) and other light\u00a0oil products except for petroleum\u00a0(3.5%). The top 5 export destinations of Iranian products are\u00a0Iraq (21.46%), China (20.52%), UAE (16.17%), Afghanistan (7.13%) and India (4.99%)<\/strong>.\u00a0<\/span><\/p>\n

\u2013 With anticipations of\u00a02019\/20 budget bill\u00a0getting stronger,\u00a0Agah Group<\/strong>\u00a0analyzed the\u00a0oil exports\u00a0revenue part of the proposed bill. Following the implicit confirmation\u00a0on a USD\/IRR rate of 57,000 as the next year\u2019s FX translation rate and being under the premise that\u00a0Iran will export 1.2 mn barrels of crude per day\u00a0@ USD 60 a barrel, after reducing deductibles from the nation\u2019s oil revenues, share of Iranian government would stand around USD 16 bn which barely covers the imports of essential goods.<\/p>\n

\u2013 With the ending of new\u00a0Islamic Treasury Bills\u00a0issues, for now,\u00a0that side of\u00a0Iran Debt Market\u00a0gets more stable and now this market reflects the real risk-free rate in Iran economy. The YTMs\u00a0of the outstanding\u00a0issues were on a declining path, however, the recent falls of Tehran Stock Exchange pressured the ITBs and rates jumped. Below picture shows the latest status of Iran Islamic Treasury Bills:<\/p>\n

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In the Market<\/h2>\n

Equities responded positively to the global commodities come-back. Major indices raised moderately today on a session that heralds hope for the future of the capital market.\u00a0TEDPIX (+1.94%)<\/strong>\u00a0jumped for almost 3200 points to retake the previously lost\u00a0166K<\/strong>\u00a0level.\u00a0IFEX (+2.81%)<\/strong>\u00a0performed even better as its commodity-based\u00a0giants hiked after global prices.<\/p>\n

Today\u2019s better than expected performance was mostly indebted of heavy weighted\u00a0Metals (+3.31%), Chemical (+1.75%)<\/strong>\u00a0and mid-weighted\u00a0Oil Products (+4.67%)<\/strong>\u00a0sectors. Agah analyses of retail side participation, as told the other day, show that the long-lasting trend of cash withdrawal has ended finally and the other day\u2019s trend turned positive.<\/p>\n

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Looking ahead, the proposed budget plan, pricing of automobiles, the future of banking interest rates and the short-term trend of FX rates are the factors with the most influence\u00a0on the overall market situation.<\/p>\n

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Source:<\/em><\/p>\n

2018, Iran Trade Balance turns positive as non-oil exports surges!, Monday, Dec 03, p.1,<https:\/\/agahgroup.com><\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Market News \u2013 After the first 8 months of 1397 (2018\/19), the total\u00a0non-oil exports\u00a0surpassed USD 31.491 bn which made Iran Trade Balance positive for USD 2 bn.\u00a0The figure is raised 12.96% in value contrary to the same period last year. Major exports of Iran were gas condensates (8.81%), liquid\u00a0propane (4.25%) and other light\u00a0oil products except […]<\/p>\n","protected":false},"author":4,"featured_media":6184,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6,28],"tags":[],"class_list":["post-6182","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-news","category-news"],"_links":{"self":[{"href":"https:\/\/en.azpar.com\/index.php?rest_route=\/wp\/v2\/posts\/6182","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\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/en.azpar.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6182"}],"version-history":[{"count":3,"href":"https:\/\/en.azpar.com\/index.php?rest_route=\/wp\/v2\/posts\/6182\/revisions"}],"predecessor-version":[{"id":6187,"href":"https:\/\/en.azpar.com\/index.php?rest_route=\/wp\/v2\/posts\/6182\/revisions\/6187"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/en.azpar.com\/index.php?rest_route=\/wp\/v2\/media\/6184"}],"wp:attachment":[{"href":"https:\/\/en.azpar.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6182"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/en.azpar.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6182"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/en.azpar.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6182"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}