29017
4 New Stock Futures Debut at TSE
Economy, Business And Markets

4 New Stock Futures Debut at TSE

Four new companies have introduced futures contracts on their shares this week.
Stock futures are this year’s innovation in Iran’s equity markets. The Securities and Exchange Organization is allowing the introduction of derivatives at a more rapid pace.
The move is boosting the competitiveness of Iran’s capital markets against the banking system by diversifying the sources of financing.
The futures have price and trade volume caps, much like the rest of securities in Tehran Stock Exchange, Boursepress reported.
Traders can only bid within the contract’s daily volatility limit. Each broker and trader should keep within the daily quota for open contracts on each futures, the report said, without elaborating on the daily volatility limit and trade volume cap.
The four new futures have joined two futures contracts that started trading on August 31, which was a milestone for Iran’s capital markets. The issuance of the Islamic form of stock futures was approved by the SEO’s Sharia Committee, earlier this year.
Automaker Bahman Group and investment companies Tose’ Melli Group Investment Co., Tamin Petroleum and Petrochemical Investment Co. and Pension Fund Investment Co. have newly offered their stock futures on TSE’s derivatives trading floor.
Industrial holding company MAPNA Group and automaker Iran Khodro were the first two companies to offer their stock futures. Their futures contracts are for June 2016.
Stock futures can only be traded via online platforms offered by 12 brokerages.
Aban, Keshavarzi Bank, Melli Bank, Bourse Behgozin, Boursiran, Novin Investment Bank, Hafez, Khobregan Saham, Sarmaye-o-Danesh, Mehr Eghtesad Iranian Investment Company and Nahayat Negar brokerages offer trading of stock futures in the exchange.

Short URL : https://goo.gl/Elbp8O
  1. https://goo.gl/hazW90
  • https://goo.gl/AH7vNm
  • https://goo.gl/pScljD
  • https://goo.gl/NM5k7I
  • https://goo.gl/LC1keD

You can also read ...

Currently, each US dollar is reportedly being traded for as much as 75,000 rials in Tehran’s black market.
Seventy days after the government decided to unify the US...
Turkey Worries Over Impact of Anti-Iran Sanctions
Turkey’s Economy Minister Nihat Zeybekci said his country “...
Gao Feng
China will maintain normal relations with Iran, the Commerce...
Fintech Event Highlights Women Business Leaders
The 5th round of Iran’s Financial Technology Event known as...
Iran’s startup ecosystem has boomed in recent years.
Privately owned Bank Pasargad is poised to increase its...
Iran’s Minister of Industries, Mining and Trade Mohammad Shariatmadari (L) and Serbian Minister of Trade, Tourism and Telecommunications Rasim Ljajic (2nd R) address a press conference in Belgrade on June 21.
Iranian Minister of Industries, Mining and Trade Mohammad...
Mobile Phone Imports on the Rise
Iran’s cellphone imports bill for the first two months of the...
Train Fares  Rise 10%
Train fares have risen by 10% as of June 22, a member of the...

Trending

Googleplus