NEWS
Exchange & Stocks   Banks  

5 Brokerages Handle 27% of Total Trade

According to data published by the Tehran Stock Exchange, five brokerage firms accounted for more than 27.1% of total trade in the capital market during the first two months (March 21-May 20) of the current fiscal.

Mofid Securities Company was the leading brokerage firm during the period, processing 11.78% of the trade followed by Agah Brokerage with 5.80%, Pasargad Brokerage Company with 3.81%, Farabi Brokerage and Securities with 2.89%, and Refah Bank Brokerage Company with 2.88%. 

Online trading, worth 427 trillion rials ($3.11 billion), accounted for 47% of the total capital market trade during the two months. 

Out of 108 brokerages in the market, 104 offered online services. The top five online-trading brokerages were Mofid Securities Company with 22.18% share, Agah Brokerage with 10.23%, Farabi Brokerage and Securities 4.86% of online trade, Mobin Sarmayeh Brokerage with 3.14 %, and Tadbirgaran Farda Brokerage Company with 2.90%. 

Total value of stock market trade amounted to 912 trillion rials ($6.65 billion) in the two months. Retail trade accounted for 92% of the total trade while wholesale traders had a paltry 2% share.

News No: 4742
Date: 2019/06/03 - 20:20
News Source: Financial Tribune

Trade  Tehran Stock Exchange  Farabi Brokerage  Refah Bank 

Comments:

Leave a Comment:

   
   
   
 

TEDPIX gains 190,000 points in a week

TEDPIX, the main index of Tehran Stock Exchange (TSE), has risen 190,000 points during the past Iranian calendar week (ended on Friday), IRNA reported.
 

Companies newly accepted to stock market to get special tax incentives

Leader of the Islamic Revolution Seyed Ali Khamenei has agreed with a plan for offering special tax exemptions and incentives to the companies that are accepted to the stock market in the current Iranian calendar year, IRNA reported.
 

$41b of annual non-oil exports atop agenda: industry min.

Iran’s Acting Industry, Mining, and Trade Minister Hossein Modares Khiabani said the ministry has it on the agenda to export $41 billion worth of non-oil commodities in the current Iranian calendar year (March 2020-March 2021).
 

Industry, mining, trade projects worth over $5.4b inaugurated in 2 months

Some 196 industrial, mining and trade projects worth 230 trillion rials (about $5.48b) went operational throughout the country since the beginning of the current Iranian calendar year (March 20) up to June 16.
 

Capital market absorbs $12b in a quarter

The amount of liquidity absorbed by Iran’s capital market has reached 500 trillion rials (about $12 billion) during the first quarter of the current Iranian calendar year (March 20-June 20), the head of Iran’s Securities and Exchange Organization (SEO) announced.
 

Offering of shares through 2nd ETF to start this month

Iran’s deputy finance and economic affairs minister said that offering of shares through the country’s second exchange-traded fund (ETF) will be started during the current Iranian calendar month (June 21-July 21).
Upcoming Events
Publications
 Mines & Metals

Mine & Business Today

 Scrap & Recycling

Ahangan

Our partners