Tehran Stock Exchange launches futures contracts

Tehran Stock Exchange launches futures contracts
Tehran has seen the launch of a modest futures market.
By bne IntelliNews December 17, 2018

The Tehran Stock Exchange (TSE) has launched futures contracts for local buyers with seven companies officially on the ticket, Mehr News Agency reported on December 16.

The TSE said that by launching the futures market in Iran it is hoped that people deterred by falling share prices caused by dollar depreciation will continue to buy into the stock market at set future prices.

The new futures market is supported by the Central Securities Depository of Iran (CSDI), the Iranian Securities and Exchange Organization (SEO) and the TSE board.

TSE director Ali Sahraei said: "Today we launch futures for seven [companies] mainly in the auto, banking, base metals, minerals, refined products and petrochemical sectors."

He added: “The Jurisprudence Committee of the SEO has approved the regulations related to the futures and we hope to see a highly-applied derivative for hedging on the capital market.”

Read in IntelliNews Pro
Get IntelliNews Pro

Related Articles

Garbage discovery shows Turkey held urgent talks with Moscow over connecting to Russian alternative to SWIFT

Russia and Turkey held urgent talks in July on connecting Turkish companies and lenders to the Russian central bank’s alternative to the SWIFT financial messaging system, Bloomberg wrote on August ... more

France reportedly offers Iran $15bn Instex credit line for sanctions-protected trade

France has reportedly proposed providing Iran with a $15bn credit line that would oil the wheels of the EU’s Instex (Instrument in Support of Trade Exchanges) channel for Iranian and European ... more

IPO demand accumulating in Turkey in advance of normalisation of markets says JPMorgan top executive

JPMorgan Chase & Co anticipates that Turkey’s capital markets will return to life as the country’s inflation and interest rates decline, Mustafa Bagriacik, chief executive officer of the ... more

Most Read

  1. LONG READ: Putin's 20 years on the job in numbers
    5 days ago
  2. Kosovo bans import of potatoes and honey from North Macedonia
    4 days ago
  3. Russia’s LNG production soaring in 2019
    6 days ago
  4. Ukraine's surprise strong growth in 2Q19 will probably trigger its warrant payments
    6 days ago
  5. Fast fashion giant Primark prepares to expand in Poland
    7 days ago
  1. LONG READ: Putin's 20 years on the job in numbers
    5 days ago
  2. Turkmen president reportedly rumoured dead as of July 20
    1 month ago
  3. Which country is the biggest FDI investor into Russia? It’s Cyprus... Not.
    16 days ago
  4. Kosovo bans entry of citizens with Serbian passports
    15 days ago
  5. Kosovo bans import of potatoes and honey from North Macedonia
    4 days ago

Selected articles from our premium news/views wire IntelliNews Pro

Login to IntelliNews Pro
Get IntelliNews Pro

Reports

Dismiss