Shares Continue Winning Streak
Tehran Stocks rallied on Monday as the unprecedented surge in currency rates continued to boost investor sentiments over future rise in share prices.
The benchmark of Tehran Stock Exchange, TEDPIX, gained 40,000 points, climbing 3.12% to extend a winning streak into the sixth day. TEDPIX closed trading session at 1,341,531 points.
As seen in previous sessions, the rally was led by large-cap shares largely in steel, base metal, refinery and mineral companies.
bit.ly/3erl4KN
@fintribune
Tehran Stocks rallied on Monday as the unprecedented surge in currency rates continued to boost investor sentiments over future rise in share prices.
The benchmark of Tehran Stock Exchange, TEDPIX, gained 40,000 points, climbing 3.12% to extend a winning streak into the sixth day. TEDPIX closed trading session at 1,341,531 points.
As seen in previous sessions, the rally was led by large-cap shares largely in steel, base metal, refinery and mineral companies.
bit.ly/3erl4KN
@fintribune
Consumer Inflation at 27.8%
The average goods and services Consumer Price Index in the 12-month period that ended on June 20 increased by 27.8% compared with the corresponding period of last year, latest data released by the Statistical Center of Iran show.
SCI had put the average annual inflation rate for the preceding Iranian month, which ended on May 20, at 29.8%.
Consumer inflation for the month under review (May 21-June 20) registered a year-on-year increase of 22.5% compared with the similar month of previous Iranian year. The year-on-year inflation of the month ending May 20 reached 21%.
bit.ly/37Vgimy
@fintribune
The average goods and services Consumer Price Index in the 12-month period that ended on June 20 increased by 27.8% compared with the corresponding period of last year, latest data released by the Statistical Center of Iran show.
SCI had put the average annual inflation rate for the preceding Iranian month, which ended on May 20, at 29.8%.
Consumer inflation for the month under review (May 21-June 20) registered a year-on-year increase of 22.5% compared with the similar month of previous Iranian year. The year-on-year inflation of the month ending May 20 reached 21%.
bit.ly/37Vgimy
@fintribune
Capital Flows Into Share Market
Iran’s share market is booming on the back of huge inflow of fresh money and a substantial increase in investors in the past three months.
The managing director of Securities and Exchange Organization Hassan Qalibaf-Asl told a press conference Monday that 500 trillion rials ($2.5 billion) in fresh capital flowed into stocks during the first quarter of the current fiscal year that started in late March.
This figure is staggering compared to the money inflow throughout the last fiscal year that reached 300 trillion rials ($1.5 billion), Qalibaf-Asl was quoted as saying by ISNA.
bit.ly/2V7zt7v
@fintribune
Iran’s share market is booming on the back of huge inflow of fresh money and a substantial increase in investors in the past three months.
The managing director of Securities and Exchange Organization Hassan Qalibaf-Asl told a press conference Monday that 500 trillion rials ($2.5 billion) in fresh capital flowed into stocks during the first quarter of the current fiscal year that started in late March.
This figure is staggering compared to the money inflow throughout the last fiscal year that reached 300 trillion rials ($1.5 billion), Qalibaf-Asl was quoted as saying by ISNA.
bit.ly/2V7zt7v
@fintribune
The Bell Tolls for Cheapest Housing Ownership Mortgage
Registration for new applications for Bank Maskan’s Housing Saving Account mortgage initiative closed on June 8, 2020.
“Despite our recent correspondence with the Central Bank of Iran, the monetary policymakers have not announced a decision on whether the agent bank of Iran’s housing sector is allowed to continue with the homeownership banking scheme or not,” Mohammad Hassan Moradi, a senior official with Bank Maskan, said on Wednesday.
Housing Savings Account initiative, launched on June 8, 2015, was scheduled to remain operational for five years with the aim of providing first-time homebuyers with loans at cheaper lending rates compared to all other loans offered by banks and lending institutions.
bit.ly/2YXccWS
@fintribune
Registration for new applications for Bank Maskan’s Housing Saving Account mortgage initiative closed on June 8, 2020.
“Despite our recent correspondence with the Central Bank of Iran, the monetary policymakers have not announced a decision on whether the agent bank of Iran’s housing sector is allowed to continue with the homeownership banking scheme or not,” Mohammad Hassan Moradi, a senior official with Bank Maskan, said on Wednesday.
Housing Savings Account initiative, launched on June 8, 2015, was scheduled to remain operational for five years with the aim of providing first-time homebuyers with loans at cheaper lending rates compared to all other loans offered by banks and lending institutions.
bit.ly/2YXccWS
@fintribune