SEO Opposes Higher Export Tariffs

EghtesadOnline: The managing director of the Securities and Exchange Organization (SEO) Majid Eshqi says new export tariffs announced by the Industry Ministry could harm the financial standing of listed companies.

CBI Upgrades Credit Instrument Rules

EghtesadOnline: The Central Bank of Iran has revised rules guiding trade in “Productive Credit Certificates”, known by its Persian acronym Gam.

Worst Day for Bourse in 5 Months

EghtesadOnline: Tehran stocks on Tuesday saw the worst day in the past five months as new export duties announced for listed companies hurt sentiment.

Divestment of Two Main Car Companies Not Possible Now

EghtesadOnline: Head of the Iranian Privatization Organization says government shares in the two main auto companies are held as collateral with banks posing a challenge to their divestment.

Forex, Gold Prices Higher

EghtesadOnline: Forex and gold prices increased again in Tehran’s free market on Monday amid renewed diplomatic efforts to revive the landmark Iran nuclear deal.

Workgroup Finalizing Crypto Trade Rules

EghtesadOnline: A draft of rules for holding and trading cryptocurrencies has been finalized and should be approved by the government, says the deputy governor of the Central Bank of Iran for Innovative technologies.

SEO Wants Large Share Offers via Block Trade

EghtesadOnline: The Securities and Exchange Organization, fearing fresh market volatility, has banned listed companies from offering shares on a large scale.

Banks Start Publicly Naming Big Defaulters

EghtesadOnline: Following mounting calls for publicly naming big defaulters, several banks published lists of some debtors on Sunday and the Central Bank of Iran said more is on the way.

Iran to Access $7b in Blocked Assets

EghtesadOnline: Iran will soon be able to access billions blocked in overseas banks, namely in South Korea, local media said, citing unnamed officials.

Stocks Extend Weekly Gains

EghtesadOnline: Tehran’s share market extended gains in the previous trading week as the market turned bullish and retail investors showed renewed interest.

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