Amir Havasi

Business & Markets Desk

  • Fresh Money Supply Breathes New Life Into Tehran Stocks
    06/17/2018
    Tehran stocks had one of their best weeks to date with spiking growth in every single index, all due to a meteoric rise in Wednesday trade. Tehran Stock Exchange’s all-share index, TEDPIX, gained...
  • Both the number of traded shares and trade value grew over 55% on Wednesday compared to Tuesday, as over 1.6 billion shares valued at $103.72 million were traded at TSE on June 13.
    06/13/2018
    Tehran stocks ended the trading week with a bang, as both Tehran Stock Exchange and Iran Fara Bourse reached new highs on Wednesday's close. The day's meteoric rise was rather unexpected on the...
  • HEPCO Privatization: Once Bitten, Twice Bitten, Thrice?
    05/28/2018
    This is the story of Iran’s largest producer of mineral machinery, Heavy Equipment Production Company (HEPCO), who weathered two privatizations, two financial collapses and is now going through its...
  • Head of Sistan-Baluchestan’s Ports and Maritime Organization Behrouz Aghaei (L) shakes hands with Managing Director of Life Trade Promotion Company Mohammad Arazesh after signing the agreement on May 23.
    05/27/2018
    Life Trade Promotion Company signed an agreement with Sistan-Baluchestan Ports and Maritime Organization on Wednesday to establish Iran’s first fully mechanized mineral export terminal in Chabahar’...
  • Tehran Stocks Unshaken by US Nuclear Deal Pullout
    05/23/2018
    Iran nuclear deal seems to be on life-support these days, as the United States has unilaterally pulled out of the accord and other signatories are making frantic efforts to hold the deal together...
  • Tehran Stocks: Back With a Bang and Favoring Small-Caps
    05/19/2018
    "Good riddance!" must have been how Tehran equity market traders reacted when the United States...
  • Over 5.63 billion shares valued at $349.1 million were traded on TSE last week.
    05/12/2018
    This week saw one of the main Tehran equity market's uncertainties come to a close, as the United States announced its refusal to waive key economic sanctions on Iran as part of the 2015 nuclear...
  • Following US Withdrawal From JCPOA: All Quiet on Tehran Stocks Front
    05/10/2018
    ​US President Donald Trump finally delivered on his campaign promise to pull out of the 2015 Iran nuclear deal on Tuesday night.  It did not come as a surprise to most observers, as he repeatedly...
  • Over 2.35 billion shares valued at $144.6 million were traded on TSE last week, registering a 42% and 36% decline compared to the week before.
    05/05/2018
    Uncertainty is in the air these days for Iran’s financial markets, especially stocks.  Recent upheavals in the foreign exchange market, coupled with the looming political risks, have all but...
  • Over 4.06 billion shares valued at $226.1 million were traded on TSE last week, growing 113% and 119% respectively compared to the week before.
    04/28/2018
    Tehran’s equity traders faced concerns, as they began the second month of the year with three days of straight losses.  However, Tehran Stock Exchange and Iran Fara Bourse rebounded midweek over a...
  • Exporters and even local traders say they have put everything on hold for now until the dust settles on the new normal.
    04/24/2018
    The foreign exchange market recently went in a frenzy, with the rial losing its value against the US dollar on a daily basis.  The government had to intervene to bring back stability by fixing USD...
  • Over 9.7 billion shares valued at $498.4 million were traded on TSE during last month.
    04/21/2018
    Coming out of a relatively good year, Tehran stocks had a tumultuous month ridden with ambiguities in the first month of the new fiscal year, Farvardin (March 21-April 20). TSE’s main index TEDPIX...
  • Over 4.1 billion shares valued at $215.69 million were traded on TSE during last week, indicating a 281% and 319% growth respectively compared to the week before.
    04/15/2018
    Holidays were truly over for Tehran’s stock market, as the last trading week came to a close on April 11.  No more limited trade volume, lethargy in anticipation of political risks and creeping...
  • The seven major Iranian steelmakers listed at TSE or IFB produced a total of 19.82 million tons of steel products during the fiscal 2017-18.
    04/10/2018
    The last fiscal (ended March 20, 2018) had its ups and downs, but it was propitious for major Iranian exchange-listed steelmakers.  Increasingly favorable global conditions, rapid capacity...
  • Article 99 of the Fifth Five-Year Development Plan (2011-16) states that commodities offered on IME are subject only to the exchange’s internal regulations.
    04/09/2018
    The government is intervening in the pricing of base metals in the local market, again. At the behest of Industries Minister Mohammad Shariatmadari, his deputy Hassan Younes Sinaki has recently...
  • Tehran Stocks Held Back by New Year Slumber, Political Risks
    04/07/2018
    Iranian exporters of semi-finished steel products returned to the market after the Iranian New Year holidays late last month with price reductions that followed the trend in the wider global...
  • Over 262.9 billion shares valued at $12.86 billion were traded on TSE in the last fiscal year (ended March 20).
    04/04/2018
    Iran’s stock market had a good run in the last fiscal year (March 2017-18), as it witnessed several rallies and repeatedly extended its all-time highs. In most instances, stars were aligned for...
  • Tehran Stocks Rise Despite New Year Slump
    04/03/2018
    Tehran Stock Exchange ended the very first trading week of the new fiscal year (March 2018-19) with solid gains and minimal trade volume, as investors returned from the extended holidays. Traders...
  • Over 12.58 billion shares valued at $436.7 million were traded on TSE during last week.
    03/17/2018
    Tehran stocks’ attraction is further dissipating, as the debt and foreign exchange markets take centre-stage and new political risks sour equity traders’ sentiment.  All eyes are now set on the...
  • The two banks’ saga at the equity market is a mirror of their sorry state of financial affairs.
    03/15/2018
    The long wait finally came to an end on Wednesday, as two major banks’ frozen stock tickers reopened on Tehran Stock Exchange after a year and a half.  This is great news for frustrated investors...
  • No Steel Price Rise  at IME Until June 21
    03/14/2018
    At the behest of private producers and downstream users, the Ministry of Industries, Mining and Trade has banned price increases for all steel products at Iran Mercantile Exchange up until June 21...
  • US President Donald Trump levied a 25% tariff on steel and 10% on aluminum imports into the United States.
    03/11/2018
    Who’s for a trade war? Apparently no one, except US President Donald Trump.  His impromptu announcement last week of slapping tariffs on steel and aluminum imports set off worried and furious...
  • Over 6.39 billion shares valued at $322.06 million were traded on TSE during last week.
    03/10/2018
    Bears are dominating the equity market in the dying days of winter.  One could argue that it’s always like this, as the fiscal year draws to a close, but this year has been more intense.  For one...
  • The capital market’s last days of the current fiscal year are usually the busiest in terms of block sales.
    03/06/2018
    The capital market’s last days of the current fiscal year (ending March 20) are usually the busiest in terms of block sales, and this year is no exception. Banks, mining companies and automakers...
  • Mobarakeh Steel Company topped the charts in terms of sales value, as it sold 140.68 trillion rials ($3.1 billion) worth of steel products, up 54.97% year-on-year.
    03/04/2018
    Major Iranian steelmakers had a good run during the first 11 months of the current fiscal year (March 21-Feb. 19), as they unanimously posted double and some even triple-digit growth in their sales...

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