4214
Mortgage Bonds  Slipping
Economy, Business And Markets

Mortgage Bonds Slipping

On the first weekday, over-the-counter (OTC) market witnessed drops of 0.2 percent to 2.5 percent in mortgage bond prices, reported Tasnim news agency. Some 209 million bonds were traded during the day worth 680 billion rials, while the OTC index (IFX) slipped 2.06 points to stand at 863.42 points. Mortgage bonds, which steadily got more expensive during the past nine months, are expected to witness a balance of supply and demand. During autumn, a time when the real-estate market generally ebbs away, a marked drop is seen in demand for the mortgage bonds. Securities prices started to soar after the ceiling for housing loans was raised in January to 350,000,000 rials ($13,158), from the previous 200,000,000 rials.

Short URL : http://goo.gl/nwNmcT

You can also read ...

Italy's Ansaldo Set to Produce Power From Iran's South Pars Gas Flares
Italy's Ansaldo Energia signed a memorandum of understanding...
Fate of Cryptocurrency in Iran Hangs in Balance
Virtual currencies are slowly but steadily gaining traction...
IRISL Returns to the Fold of Int’l Shipping Giants
The Islamic Republic of Iran Shipping Lines plans to replace...
Dairy Exports to Hit $1b
Iran is one of the top milk producers and has ambitious plans...
Money and Credit Council Approves Liquidity Risk Management Rules
Money and Credit Council, a top financial decision-making body...
1st Currency ETF  in the Pipeline
The Iranian capital market’s first foreign currency exchange-...
84% Rise in Rice Imports
More than 1.05 million tons of semi and wholly milled rice...
Iran Insurance Growth at 20%
The collective figure of Iranian insurance companies’ premiums...

Trending

Googleplus