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

Interpol captures former boss of Iran’s Sarmayeh Bank who reportedly fled to Spain

Interpol has arrested the former managing director of Iran’s Sarmayeh Bank (Capital Bank), Alireza Heydarabadi, who allegedly fled to Spain earlier this year, Islamic Republic News Agency reported ... more

Moody’s downgrades Bulgarian FIBank over risks to capital base

Rating agency Moody’s said it has downgraded Bulgaria’s First Investment Bank (FIBank) due to high level of ... more

Serbia calls tender for privatisation of Komercijalna Banka

Serbia’s government launched a tender for the privatisation of the country's second-largest bank, Komercijalna Banka, on ... more

Dismiss