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.”

Related Articles

Turkey leaning on local banks to buy more government bonds in debt auctions: report

Economically embattled Turkey is leaning on local banks to buy more government bonds in debt auctions, three people with direct knowledge of the matter were cited as saying by Bloomberg on May 20. ... ... more

Sweden’s Handelsbanken to stop operations in Baltic states

Swedish bank Handelsbanken said on May 16 it was “set to gradually discontinue its operations” in the Baltic states and subsequently close its branches in Tallinn, Riga and Vilnius. “Despite ... more

IFC, EBRD buy nearly half of Romania's first covered bonds from Alpha Bank

Alpha Bank Romania announced that it has completed its first covered (mortgage) bond issue worth €200mn with a maturity of five years, a first for the banking market in Romania.  With these ... more

Dismiss