14754
TSE Hosts International Fund Managers
Economy, Business And Markets

TSE Hosts International Fund Managers

A s foreign investors focus on new opportunities in Iran’s capital market, two companies from the United Kingdom are negotiating with Iran Investment Company (IIC), Tasnim news agency quoted ICC head, Reza Solltan-Zade as saying.
A few institutional investors have already initiated their talks in a bid to pick high yielding industries for investment in Iran, said Soltan Zade. “Companies’ financial statements and performance record within the stock market, acquiring trading codes, and money transactions are among the major topics”.
Petrochemical, banking, financial, and telecommunication sectors along with the fast-moving consumer goods (FMCG) or consumer packaged goods (CPG) companies are top priority for foreign investors, said Soltan-Zadeh. “Fund managers prefer to pick high-yielding industries, with high percentage of free floating shares in the market”.
Soltan-Zadeh also said that local companies have intensified their activities to attract foreign investors, however, providing adequate infrastructure and facilitating the issuance of trading codes for foreigners is key to encourage them.
“A comprehensive nuclear deal can create a boom in the equity market with up to 35 percent dividend, even without any foreign direct investment,” Soltan-Zadeh added.
Iran is grappling with severe financial sanctions including ban on money transactions with other countries, however Iranian merchants resort to bureaux de change for money transfer to handle their international trade.
A comprehensive nuclear deal is expected to put an end to the most crucial impediment for foreign investors. The ever-increasing optimism is attracting portfolio and fund managers across the globe to engage in Iran’s equity market.
The TSE hosted a meeting during the week which was attended by a delegation of international investors, where they were informed about Iran’s stock market know-how, listed industries as well as capabilities and opportunities lying ahead.

 Weekly Report
The TEDPIX plunged 3.69 percent in the week that ended April 9.
According to TSE data, the TEDPIX shed 2,606 points or 3.69 percent to stand at 68,079, and record a sharp decline on overreactions, irregular ups and downs and downbeat performance of some giant listed companies at the equity market.
The first market index tumbled 2,184 points or 4.2 percent to 49,843. The second market index dropped 3,416 points or 2.45 percent to settle at 135,896.
TSE’s 5-day trading days also recorded a 48 percent plunge in trade volume, as more than 5.22 billion shares changed hands, valued at $2.93 billion. Trade value also registered a 20.6 percent decline.

Short URL : http://goo.gl/0Vvjx7

You can also read ...

BMW’s Tech-Stuffed Concept SUV Heralds Fancy, Electric Future
Changing notions of what customers want from cars have pushed...
Oil & Gas Sector Most Conducive for Business
The research arm of Iran’s Parliament has conducted a first-of...
3 CBI Officials  to Leave
Following the recent passage of the law banning the employment...
Tesla Hits New Speed Bump
Tesla Inc’s Chief Executive Officer Elon Musk on Sunday...
CBA Concerned About Forex Outflow to Iran
The Central Bank of Afghanistan raised concerns about the...
Anzali Port to Be Connected to National Railroad
Anzali Port in the northern Gilan Province will be connected,...
Mineral Trade Surplus Hits $2.9b
Iran exported more than 25.47 million tons of mineral products...
Departure Tax Revenues  Up 117 Percent
The government earned 3 trillion rials ($24 million) from...

Trending

Googleplus