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.”
Related Articles
Russia’s central bank cuts key rate by 100bp to 17% in cautious move, defies calls for deeper easing
The board of the Central Bank of Russia (CBR) at the policy meeting of September 12 resolved to cut the key interest rate by 100 basis points from 18% to 17%, according to the regulator’s press ... more
Ukraine’s non-performing loan share falls to decade low as banks post steady profits
The share of non-performing loans (NPLs) in Ukraine’s banking sector has fallen to its lowest level in a decade, even as the country’s lenders continue to deliver strong profits despite the ... more
Azerbaijan tightens banking operations on foreign financial sources
Azerbaijan has implemented new restrictions on banking operations involving foreign financial sources, with amendments signed by President Ilham Aliyev targeting unregistered foreign financial ... more
Most Read
-
Renewable capacity growth is faster than ever, but more acceleration needed to meet Paris 2030 goal, says IEA
1 year ago
-
Kyrgyzstan abandons attempt to rescue Russian climber trapped on icy summit of country’s highest mountain
23 days ago
-
BERTRAND: China after Communism, preparing for a post-CCP China
1 month ago
-
Hungarian economy faces weak growth, slow path to price stability, central bank report shows
2 months ago
-
UKRAINE REMONT: The battle to build: signs of recovery in Ukraine's construction industry
5 months ago