Amir Havasi

Business & Markets Desk

  • 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...
  • Stocks Edge Down  in Weekly Trade
    03/03/2018
    When there’s not much to look forward to in the equity market, investors get spooked by the slightest hint of negative news and shuttle their money to other markets. The Central Bank of Iran’s...
  • Inflation Expected to Rise Above 10% Next Year
    02/28/2018
    Donya-e-Eqtesad Media Group held the Fifth Iranian Economy Overview Conference on Tuesday.  The event was attended by a host of economists and market analysts whose aim was to forecast the Iranian...
  • Tax Break on Capital Increase to Revive Beleaguered Steelmaker
    02/19/2018
    The Iranian Parliament decided on Saturday that companies with losses exceeding half of their capital will be exempt from taxation on capital increase through revaluation of fixed assets.  The...
  • 02/15/2018
    The US dollar is notching new highs against the rial in Tehran’s foreign exchange market these days, while the stock market remains relatively dormant. This is while equities, especially commodity...
  • Crude steel production capacity in Iran is currently just above 30 million tons per year.
    02/15/2018
    The Iranian steel industry’s path to its 2025 capacity expansion goals has proven to be...
  • Steel gained in 2017 on the back of China continuing to target overcapacity and strong demand from major downstream industries.
    02/08/2018
    Base metal stocks have been the Iranian equity market’s undeniable stars in the current fiscal...
  • The Eighth Iranian Steel Market Conference opened at the IRIB International Conference Center in Tehran on Jan. 30. (Photo: Forough A’laie)
    01/31/2018
    The Iranian steel industry has survived the 2015-16 valley of death and is...
  • What to Expect If US Walks Out of JCPOA?
    01/11/2018
    The US is expected to decide tomorrow whether to continue to waive sanctions on...
  • ESCO is Iran’s oldest steelmaker and the largest producer of structural steel.
    01/04/2018
    The government is planning to sell its stake in the beleaguered Esfahan Steel Company to...
  • Iran’s capital market is highly susceptible to psychological factors.
    01/01/2018
    The bigger they are, the harder they fall.

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