Most Stocks Rise Again in Tehran Market
Tehran’s stock market moved higher at the start of trading week on Saturday as investors’ attention shifted again toward giants in the market.
The benchmark of Tehran Stock Exchange, TEDPIX, soared more than 57,325 points, or 3.01%, to close trade at 1,961,649.
Led by large-cap shares, shares of a broad range of smaller companies also gained pushing up the equal-weighted index to 2.16%.
financialtribune.com/node/104615
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Tehran’s stock market moved higher at the start of trading week on Saturday as investors’ attention shifted again toward giants in the market.
The benchmark of Tehran Stock Exchange, TEDPIX, soared more than 57,325 points, or 3.01%, to close trade at 1,961,649.
Led by large-cap shares, shares of a broad range of smaller companies also gained pushing up the equal-weighted index to 2.16%.
financialtribune.com/node/104615
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Iran Energy Minister: Hirmand Water Dispute Resolved
Since the beginning of the current water year (last September) Iran unlike previous years has been receiving its fair share of water from Hirmand (Helmand) River as per an agreement signed with Afghanistan in 1972, the energy minister said.
“As per the treaty, Iran is getting its share that will reach 800 million cubic meters by next September,” Reza Ardakanian was quoted as saying by ILNA on Saturday.
Following regular meetings in Tehran and Kabul since 2005 regarding Iran's water rights from the border river, the Afghan side accepted to pursue its water development projects on the shared basin in a way that will not harm Iran’s water share.
“Construction plans on the river should not restrict Iran's share of the joint basin under any circumstances,” the minister said.
Iran is saddled with severe water shortages in its southeastern regions bordering Afghanistan. A big part of the problem is linked directly Kabul respecting the 1972 agreement in the breach.
bit.ly/3hYCP5K
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Since the beginning of the current water year (last September) Iran unlike previous years has been receiving its fair share of water from Hirmand (Helmand) River as per an agreement signed with Afghanistan in 1972, the energy minister said.
“As per the treaty, Iran is getting its share that will reach 800 million cubic meters by next September,” Reza Ardakanian was quoted as saying by ILNA on Saturday.
Following regular meetings in Tehran and Kabul since 2005 regarding Iran's water rights from the border river, the Afghan side accepted to pursue its water development projects on the shared basin in a way that will not harm Iran’s water share.
“Construction plans on the river should not restrict Iran's share of the joint basin under any circumstances,” the minister said.
Iran is saddled with severe water shortages in its southeastern regions bordering Afghanistan. A big part of the problem is linked directly Kabul respecting the 1972 agreement in the breach.
bit.ly/3hYCP5K
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Iran's Q1 Rail Passenger Traffic Decreases by 84 Percent
The coronavirus pandemic has dealt a heavy blow to the Iranian rail sector.
A total of 1.1 million passengers were transported by the Islamic Republic of Iran Railways in the first quarter of the current Iranian year (March 20-June 20), 84% lower than those in the corresponding period of last year (6.82 million).
The number of passengers transported by rail in Iran stood at 102,000 in the month ending April 19, 254,000 in the month ending May 20 and 750,000 in the month ending June 20, registering a 95%, 88% and 69% year-on-year declines respectively...
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The coronavirus pandemic has dealt a heavy blow to the Iranian rail sector.
A total of 1.1 million passengers were transported by the Islamic Republic of Iran Railways in the first quarter of the current Iranian year (March 20-June 20), 84% lower than those in the corresponding period of last year (6.82 million).
The number of passengers transported by rail in Iran stood at 102,000 in the month ending April 19, 254,000 in the month ending May 20 and 750,000 in the month ending June 20, registering a 95%, 88% and 69% year-on-year declines respectively...
bit.ly/2PcCvUz
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Iran's Trade With Turkey Normalizing
Iran’s trade with Turkey totaled $1.07 billion during January-June to register a decrease of 72.54% compared with the first half of 2019, data released by Turkish Statistical Institute show.
Iran exported $417.5 million worth of goods to Turkey during the six months under review to register an 84.64% year-on-year drop.
Imports stood at $652.19 million, down 44.63% YOY.
Bilateral trade amounted to $267.08 million in June to register an 11.81% decline compared to June 2019. Exports to Turkey accounted for $85.81 million of the figure, down 41.83% YOY, while Turkey’s exports to Iran stood at $181.26 million, down by 16.71% YOY.
Iran was Turkey’s 33rd biggest trading partner during the period.
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Iran’s trade with Turkey totaled $1.07 billion during January-June to register a decrease of 72.54% compared with the first half of 2019, data released by Turkish Statistical Institute show.
Iran exported $417.5 million worth of goods to Turkey during the six months under review to register an 84.64% year-on-year drop.
Imports stood at $652.19 million, down 44.63% YOY.
Bilateral trade amounted to $267.08 million in June to register an 11.81% decline compared to June 2019. Exports to Turkey accounted for $85.81 million of the figure, down 41.83% YOY, while Turkey’s exports to Iran stood at $181.26 million, down by 16.71% YOY.
Iran was Turkey’s 33rd biggest trading partner during the period.
bit.ly/39Qrf9Y
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Tehran Share Market Strengthens
After getting near the milestone 2 million points for almost two weeks, the benchmark of Tehran Stock Exchange, TEDPIX, moved past the psychological level on Sunday.
TSE’s market-cap weighted TEDPIX, gained 2.54% on Sunday by adding 49,870 points to close at record high of 2,011,492.
Iran’s share market has been mostly in upbeat mode in the past four months driven by a combination of factors, the most important being the full support of the government in tandem with systematic efforts to encourage more investors to join the fast-pacing market.
financialtribune.com/node/104634
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After getting near the milestone 2 million points for almost two weeks, the benchmark of Tehran Stock Exchange, TEDPIX, moved past the psychological level on Sunday.
TSE’s market-cap weighted TEDPIX, gained 2.54% on Sunday by adding 49,870 points to close at record high of 2,011,492.
Iran’s share market has been mostly in upbeat mode in the past four months driven by a combination of factors, the most important being the full support of the government in tandem with systematic efforts to encourage more investors to join the fast-pacing market.
financialtribune.com/node/104634
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Iran's Non-Oil Foreign Trade Tops $19 Billion in Four Months
Iran’s non-oil foreign trade stood at $19.63 billion during the four months to July 21, of which exports accounted for $8.71 billion and imports constituted $10.92 billion, according to Rouhollah Latifi, the spokesman of the Islamic Republic of Iran Customs Administration.
The country posted a trade deficit of $2.21 billion over the first four months of the current fiscal year.
Noting that Iran traded over 42.07 million tons of non-oil goods during the four-month period, the official put the weight of exports and imports at 30.28 million tons and 11.79 million tons respectively, Fars News Agency reported.
“Compared with the corresponding period of last year March 21-July 22, 2019, exports and imports registered a 39% and 1% decline in weight and a 40% and 24% decrease in value, respectively,” he said.
bit.ly/39ORayv
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Iran’s non-oil foreign trade stood at $19.63 billion during the four months to July 21, of which exports accounted for $8.71 billion and imports constituted $10.92 billion, according to Rouhollah Latifi, the spokesman of the Islamic Republic of Iran Customs Administration.
The country posted a trade deficit of $2.21 billion over the first four months of the current fiscal year.
Noting that Iran traded over 42.07 million tons of non-oil goods during the four-month period, the official put the weight of exports and imports at 30.28 million tons and 11.79 million tons respectively, Fars News Agency reported.
“Compared with the corresponding period of last year March 21-July 22, 2019, exports and imports registered a 39% and 1% decline in weight and a 40% and 24% decrease in value, respectively,” he said.
bit.ly/39ORayv
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OECD: Iran's Steel Production Capacity to Rise 51% by 2022
The Organization for Economic Cooperation and Development has predicted Iran’s nominal annual crude steelmaking capacity to reach 54.4 million tons by 2022, an increase of 51% compared to the capacity level of 36 million tons registered by the end of 2019.
In a newly-released report, OECD has provided an overview of steelmaking capacity developments taking place around the world, providing an assessment of gross capacity additions that could come on stream from 2020 to 2022, based on information available until December 2019.
Reviewing developments in Iran, the report says a total of 2.8 million tons of steelmaking capacity came on stream in 2019.
bit.ly/3gpKp8Q
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The Organization for Economic Cooperation and Development has predicted Iran’s nominal annual crude steelmaking capacity to reach 54.4 million tons by 2022, an increase of 51% compared to the capacity level of 36 million tons registered by the end of 2019.
In a newly-released report, OECD has provided an overview of steelmaking capacity developments taking place around the world, providing an assessment of gross capacity additions that could come on stream from 2020 to 2022, based on information available until December 2019.
Reviewing developments in Iran, the report says a total of 2.8 million tons of steelmaking capacity came on stream in 2019.
bit.ly/3gpKp8Q
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Taming Inflation the Iran's CB Way
The Central Bank of Iran says the coronavirus pandemic, deepening budget deficit and disruption in foreign trade are largely responsible for pushing up consumer prices in recent months.
The bank released a statement on its website Sunday to inform public opinion about the root causes of galloping inflation and CBI measures to control it.
Covid-19 was a body blow to both aggregate demand and supply as the central bank was compelled to adopt an expansionary fiscal policy to stimulate the economy, it said.
https://bit.ly/2DueIN2
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The Central Bank of Iran says the coronavirus pandemic, deepening budget deficit and disruption in foreign trade are largely responsible for pushing up consumer prices in recent months.
The bank released a statement on its website Sunday to inform public opinion about the root causes of galloping inflation and CBI measures to control it.
Covid-19 was a body blow to both aggregate demand and supply as the central bank was compelled to adopt an expansionary fiscal policy to stimulate the economy, it said.
https://bit.ly/2DueIN2
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CSDI: 3.58 Million Trading Codes Issued in 4 Months
The benchmark of Tehran Stock Exchange, TEDPIX, lost 18,194 points on Monday drifting lower by 0.9% to retreat below the milestone 2,000,000 points seen on Sunday. It closed trading session at 1,993,330 points.
While sell-off hit majority of shares, the downturn for large-cap stocks was deeper as seen in the 0.19% drop in equal-weighted index and 2% loss for the TSE-30 index.
The former tracks all stocks irrespective of market cap and the latter focuses on shares of 30 large companies with the TSE.
financialtribune.com/node/104651
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The benchmark of Tehran Stock Exchange, TEDPIX, lost 18,194 points on Monday drifting lower by 0.9% to retreat below the milestone 2,000,000 points seen on Sunday. It closed trading session at 1,993,330 points.
While sell-off hit majority of shares, the downturn for large-cap stocks was deeper as seen in the 0.19% drop in equal-weighted index and 2% loss for the TSE-30 index.
The former tracks all stocks irrespective of market cap and the latter focuses on shares of 30 large companies with the TSE.
financialtribune.com/node/104651
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CSDI: 3.58 Million Trading Codes Issued in 4 Months
Close to 3.58 million trading codes were issued for new investors in the share market since the beginning of the current fiscal year (March 20) up until July end.
This puts the total number to 15.25 million, Fars News Agency reported citing data from Central Securities Depository of Iran (CSDI).
The figure is staggering given that on average 600,000 codes were issued annually in the past eight years. According to CSDI data, in the entire past fiscal year (March 2019-20) 822,000 trading codes were issued.
bit.ly/30pl0H6
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Close to 3.58 million trading codes were issued for new investors in the share market since the beginning of the current fiscal year (March 20) up until July end.
This puts the total number to 15.25 million, Fars News Agency reported citing data from Central Securities Depository of Iran (CSDI).
The figure is staggering given that on average 600,000 codes were issued annually in the past eight years. According to CSDI data, in the entire past fiscal year (March 2019-20) 822,000 trading codes were issued.
bit.ly/30pl0H6
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8.8m Tons of Essential Goods Imported Over Four Months
A total of 8.86 million tons of essential goods worth $3.97 billion were imported into Iran during the first four months of the current fiscal year (March 20-July 21), registering a 0.41% increase in weight but a 30% decline in value compared with the corresponding period of last year, according to Rouhollah Latifi, the spokesman of Islamic Republic of Iran Customs Administration.
“The country had imported 8.83 million tons worth $5.74 billion in the four-month period ending July 22, 2019,” Mehr News Agency quoted the official as saying.
Noting that the country is not facing a shortage of essential goods, he added that these are the figures on imported essential goods, some of which have been discharged and the remaining need to undergo customs procedures.
bit.ly/3gsGDMe
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A total of 8.86 million tons of essential goods worth $3.97 billion were imported into Iran during the first four months of the current fiscal year (March 20-July 21), registering a 0.41% increase in weight but a 30% decline in value compared with the corresponding period of last year, according to Rouhollah Latifi, the spokesman of Islamic Republic of Iran Customs Administration.
“The country had imported 8.83 million tons worth $5.74 billion in the four-month period ending July 22, 2019,” Mehr News Agency quoted the official as saying.
Noting that the country is not facing a shortage of essential goods, he added that these are the figures on imported essential goods, some of which have been discharged and the remaining need to undergo customs procedures.
bit.ly/3gsGDMe
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Bad Debts Decline 11%
The number of bad checks fell by 11.7% in the calendar month ending June 20, compared to a month earlier, the Central Bank of Iran reported.
Data published on the CBI website show that 881,000 checks were not processed by banks in the mentioned month.
In value terms, bad checks were worth 186 trillion rials ($808.6 million), increasing 11.2% compared to the earlier month.
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The number of bad checks fell by 11.7% in the calendar month ending June 20, compared to a month earlier, the Central Bank of Iran reported.
Data published on the CBI website show that 881,000 checks were not processed by banks in the mentioned month.
In value terms, bad checks were worth 186 trillion rials ($808.6 million), increasing 11.2% compared to the earlier month.
bit.ly/30nEgo1
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Tehran Stocks Close Flat
Faltering near the psychological resistance of two million points, the benchmark of Tehran Stock Exchange, TEDPIX, closed Tuesday near the flat-line.
Amid sell-off in many large-cap shares, the market-cap weighted TEDPIX gained a meager 0.09% for the day, adding 1,696 points to finish at 1,995,037.
Better performance of small-cap shares, however, pushed up the equal-weighted index by 0.33%.
financialtribune.com/node/104675
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Faltering near the psychological resistance of two million points, the benchmark of Tehran Stock Exchange, TEDPIX, closed Tuesday near the flat-line.
Amid sell-off in many large-cap shares, the market-cap weighted TEDPIX gained a meager 0.09% for the day, adding 1,696 points to finish at 1,995,037.
Better performance of small-cap shares, however, pushed up the equal-weighted index by 0.33%.
financialtribune.com/node/104675
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Iran Energy Exchange Shows Enterprising Capacity
Value of trade at the Iran Energy Exchange surged in the first four months of current fiscal year (March 20-July 21).
Data from IRENEX shows more than 295.82 trillion rials ($1.2 billion) worth of commodities were traded via the energy exchange during the period, Securities and Exchange News Agency (SENA) reported.
The figure indicates strong promise with a whopping 540% growth compared to the corresponding period last year, the highest in the history of the relatively new market.
bit.ly/31fIUUE
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Value of trade at the Iran Energy Exchange surged in the first four months of current fiscal year (March 20-July 21).
Data from IRENEX shows more than 295.82 trillion rials ($1.2 billion) worth of commodities were traded via the energy exchange during the period, Securities and Exchange News Agency (SENA) reported.
The figure indicates strong promise with a whopping 540% growth compared to the corresponding period last year, the highest in the history of the relatively new market.
bit.ly/31fIUUE
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Iranian Petrcohems Increasing Market Share With Three New Projects
To help expand the value-added chain in the petrochemical industry, three projects that cost $1.6 billion will be inaugurated on Thursday, managing director of the state-run National Petrochemical Company said.
“Kaveh Methanol Complex in the southern port city of Bandar Dayyer, Bushehr Province, Middle East Kimia Pars Petrochemical Company in the 2nd phase of Pars Special Economic Energy Zone in Assaluyeh, Bushehr Province, and Lorestan Petrochemical Complex in western Lorestan Province will add 4,000 tons to NPC’s annual output that currently is 66 million tons,” Behzad Mohammadi was quoted as saying by IRNA.
Referring to the first venture (Kaveh complex), he said it would increase Iran’s annual methanol production (now 8.3 million tons) by 2.3 million tons.
bit.ly/39Z5Nj8
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To help expand the value-added chain in the petrochemical industry, three projects that cost $1.6 billion will be inaugurated on Thursday, managing director of the state-run National Petrochemical Company said.
“Kaveh Methanol Complex in the southern port city of Bandar Dayyer, Bushehr Province, Middle East Kimia Pars Petrochemical Company in the 2nd phase of Pars Special Economic Energy Zone in Assaluyeh, Bushehr Province, and Lorestan Petrochemical Complex in western Lorestan Province will add 4,000 tons to NPC’s annual output that currently is 66 million tons,” Behzad Mohammadi was quoted as saying by IRNA.
Referring to the first venture (Kaveh complex), he said it would increase Iran’s annual methanol production (now 8.3 million tons) by 2.3 million tons.
bit.ly/39Z5Nj8
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More Companies See Opportunity in Bourse
The CEO of Securities and Exchange Organization says 140 companies are in the listing process to join the Tehran Stock Exchange and Iran Fara Bourse, the junior equity market.
Hassan Qalibaf-Asl said efforts are underway to ease the listing process. Ninety companies are doing the paperwork to get listed on the IFB while 50 want to be listed with the TSE, IRNA quoted him as saying.
The government has eased the listing process in line with the declared aim to expand the bourse and strengthen the supply side to accommodate the ballooning liquidity flowing into the market.
bit.ly/2DAtFx4
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The CEO of Securities and Exchange Organization says 140 companies are in the listing process to join the Tehran Stock Exchange and Iran Fara Bourse, the junior equity market.
Hassan Qalibaf-Asl said efforts are underway to ease the listing process. Ninety companies are doing the paperwork to get listed on the IFB while 50 want to be listed with the TSE, IRNA quoted him as saying.
The government has eased the listing process in line with the declared aim to expand the bourse and strengthen the supply side to accommodate the ballooning liquidity flowing into the market.
bit.ly/2DAtFx4
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Small Enterprises Account for 45% of Iran’s Industrial Jobs
Small businesses account for 52% of the total number of industrial units and 45% of industrial jobs in Iran.
As of April 19, 23,550 small enterprises across the country provided jobs for 451,609 people.
A total of 1,047 large production units employed a total of 232,736 people, while 2,146 medium-sized businesses generated 139,079 jobs.
By definition, enterprises run by under 50 workers and under 100 workers are considered small- and medium-sized respectively, while large enterprises are the ones that employ over 100 workers, according to Iran’s Small Industries and Industrial Parks Organization.
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Small businesses account for 52% of the total number of industrial units and 45% of industrial jobs in Iran.
As of April 19, 23,550 small enterprises across the country provided jobs for 451,609 people.
A total of 1,047 large production units employed a total of 232,736 people, while 2,146 medium-sized businesses generated 139,079 jobs.
By definition, enterprises run by under 50 workers and under 100 workers are considered small- and medium-sized respectively, while large enterprises are the ones that employ over 100 workers, according to Iran’s Small Industries and Industrial Parks Organization.
bit.ly/39U7Y7q
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