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<\/p>\n\u2013 Following the plan to develop the depth of\u00a0Iran Capital Market\u00a0(Tehran Stock Exchange and\u00a0Iran Fara Bourse), the IFB\u2019s head of new financial instrument operations department told the press that two new derivates will be ready to trade in a matter of two weeks. \u201cIndex Future contracts\u201d\u00a0and \u201cPortfolio future contracts\u201d will be operational from December 13 onward on both Iranian Equity Exchanges. These new instruments pursue\u00a0the goal of creating internationally accepted hedging tools.<\/p>\n
\u2013 Following the previous two successful offering of Iranian crude on\u00a0Iran Energy Exchange\u00a0(IRENEX), the chair of SEO has announced that the next round will be offered to buyers in less than a month and from there after the SEO has suggested NIOC to have regular offerings every other week. This offer is yet to be considered\u00a0by the ministry, however, from the capital market perspective, there are no impediments in the way.<\/p>\n
\u2013 In a study carried out by\u00a0Market Summary Group, the trend of the Tehran Stock Exchange trading value has been alanyzed versus the changes of the overall index before and after US sanctions snapback. The below picture has the details:<\/p>\n
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Equities were not able to extend their\u00a0other days\u2019 rally today and closed near their flat lines as investors got more pessimistic towards general health of the capital market.\u00a0TEDPIX (-0.36%)<\/strong>\u00a0almost remained unchanged and settled\u00a0below\u00a0166K<\/strong>\u00a0level while\u00a0IFEX (+0.29%)<\/strong>\u00a0managed to end the day in a slight green.<\/p>\n Major indices retreated from their best levels, reined in by an underlying sense that the other\u00a0days\u2019 positive reaction t was probably an overreaction since nothing concrete was achieved in terms of resolving the most important structural concerns\u00a0of the capital market. Heavy weighted\u00a0Metals (-0.32%)<\/strong>\u00a0and\u00a0Chemicals (-0.87%)<\/strong>\u00a0sectors were in times with more supply force, however, the big institutional participants\u00a0supported their trades.<\/p>\n Chip stocks also had a moderately lower performance today, as the basic fundamentals behind their recent jumps are in deep shades. The\u00a0Auto (-0.23%)<\/strong>\u00a0sector still is waiting for a price jump approval from the mines and industries ministry while\u00a0Banking (-0.67%)<\/strong>\u00a0tickers have their eyes on CBI for a free market FX translation rate.<\/p>\n Finally,\u00a0Islamic Treasuries\u00a0had a much better day than many participants might have expected in the face of some optimism in the stock market. The YTMs of outstanding issues are now in the range of 21% to 25% and trading volumes are high enough that made a very liquid market for these government securities.<\/p>\n![\"\"](\"http:\/\/agahgroup.com\/wp-content\/uploads\/2018\/12\/2018-12-04_133645.jpg\")
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