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Tehran Stock Market Booming despite COVID-19 Pandemic

Tehran Stock Market Booming despite COVID-19 Pandemic

The current problems that the Iranian economy faces nowadays are big unemployment rate, low oil prices, as well as inflation. Last year the Iranian stock market has gained 225%, which is a great increase from the last few years.

The biggest struggles in the country are because of the Corona outbreak. The government encourages the privatization processes of state companies. Even the average person nowadays in Tehran has access to the stock market and everybody can trade shares or earn returns. The situation is similar in other countries as well. Even the USA faces the biggest unemployment numbers since the Great Depression.

Current Situation

A member of the Chamber of Commerce of Iran has mentioned that while the situation in Iran doesn’t seem good, the market is booming, but the stock market has its ups and downs, which is a very strange situation. That’s not the situation with the Tehran Stock Exchange. Since its beginnings in 1967, the stock market includes some of the major companies in Tehran, such as Iran Khodro, the famous car maker company. Even the average Iranian has noticed the rise of the stock market possibilities for the major Iranian companies.

Tehran Stock Market

The Stock Exchange Market lists more than half a million active traders. There are more than 12 million Iranians who have registered in the stock market to sell and buys stocks. As reported by Buy Shares, the estimated revenue is estimated to be 5% every day. Even president Hussein has mentioned the bright future of the Tehran stock market. The global situation on the stock marketplace is very chaotic, while the situation in the Tehran stock market seems to fall into place.

The booming stock market in Tehran is thanks to the company’s efforts and contribution to the current economic situation, the big shares of large Iranian corporations, as well as the business people in the country. Since the Islamic revolution in 1979, the Tehran stock market has undergone major changes. The 1990s in Iran are marked for the privation process and it’s the beginning of the privatization era in Tehran. The stock market has helped the Tehran economy to achieve this.

Results

This Saturday the main index of Tehran Stock Exchanges reached one million. It is almost doubled since the first Coronavirus case in the country. The biggest rally is between the companies in the petrochemical, industrial, and mineral stocks in the stock exchange market. Such companies are the National Iranian Cooper Industries, the Persian Gulf Petrochemical Industry, and the Mobarakeh Steel Co. The record in the stock market has boomed since the government has announced 2 billion state assets in order to provide a solution to the COVID 19 pandemic in Iran.

CF Patients Victims of US Sanctions against Iran: Official

CF Patients Victims of US Sanctions against Iran

Mahdi Shadnoush, the head of the Health Ministry’s management centre for transplantation and special diseases, told IRNA on Saturday that the families of some CF patients complain about the lack of foreign brands of this medicine. He said the domestic brands of this drug are available and are given to these patients free of charge, but the import of the foreign ones is not possible under US sanctions.

“In general, the import of foreign drugs is difficult and Pancreatin is no exception, but according to Iran’s Food and Drug Administration, the import of this medicine is on the agenda and we hope this drug will be available in the near future,” he added.

Shadnoush further noted that the Iran-made brand of this drug is available to CF patients. However, as the families of these patients are requesting the use of foreign drugs, we are pursuing its import; however, due to sanctions and the problem of currency transfer, it has not been possible to import it yet, he went on to say.

According to this Iranian health official there are 1,100 CF patients in Iran.
CF (cystic fibrosis) is a gastrointestinal disease. Due to their inability to absorb fat-soluble vitamins, CF patients take vitamins K, D, E and A on a daily basis, and 4 to 5 capsules of Pancreatin per day to absorb vitamins and minerals. These capsules contain digestive enzymes to help the patient’s body take vitamins, according to the report by IRNA.

Iran’s New Parliament Speaker Rejects Deal with US

Iran’s New Parliament Speaker Rejects Deal with US

Mohammad Baqer Qalibaf quoted a verse from Holy Quran on his Twitter page implying that any compromise with infidels is disallowed.

“May you not fall short in the fight (against infidels) and be aware not to offer them a compromise. You are higher because God is with you and you can be sure that He will show you the result of your deeds (resistance),” reads his tweet, which is the translation of the verse he quoted.

Last week, the new parliament speaker in his first major speech at parliament had stressed any negotiation with the United States would be futile.

On Friday, Secretary of the Supreme National Security Council (SNSC) Ali Shamkhani vehemently rejected talks with Washington.

The reactions came after Donald Trump on Thursday thanked Iran for releasing Michael White who was imprisoned in the Islamic Republic. He also called on Tehran to start negotiations with his administration before 2020 Presidential election.

Iran Says Prisoner Swap with US Not Result of Negotiation

shamkhani

Secretary of Iran’s Supreme National Security Council (SNSC) said on Friday that US President Donald Trump has failed in many arenas and his team are making fake victories for him.

Ali Shamkhani wrote in a tweet that Trump’s situation is so bad, both in the international arena and in the corona management as well as regarding racial profiling inside the United States that his team has no choice but to produce fake successes.

“The exchange of prisoners is not the result of negotiation, and no negotiation will take place in the future,” reads Shamkhani’s tweet.


Earlier, Donald Trump stated in a tweet that the release of Michael White shows a deal is possible with Iran.

Advisor to President Rouhani says Trump Will Fail in Nov. Election

Advisor to President Rouhani says Trump Will Fail in Nov. Election
US President Donald Trump prays during a cabinet meeting in the White House / Photo by AP

Hesameddin Ashena said in a tweet on Friday that Iran knows US President Donald Trump will leave office in November, so he needs to give more concessions than his predecessor Barack Obama.

“You are going down on November 3 and we know that. So you’ll need to offer much more than Obama did!” reads his message.

The tweet came shortly after Donald Trump said in a tweet “Thank you to Iran, it shows a deal is possible!”

Referring to the release of a Navy veteran from Iranian custody, Trump said that a pact with Tehran could be tenable.

Then in another tweet the US president said “So great to have Michael home. Just arrived. Very excited. Thank you to Iran. Don’t wait until after US Election to make the Big deal. I’m going to win. You’ll make a better deal now.”

Right after Trump’s tweet, Iranian Foreign Minister Mohammad Javad Zarif replied to him saying that “We achieved humanitarian swap *despite* your subordinates’ efforts. And we had a deal when you entered office. Iran & other JCPOA participants never left the table.

Your advisors—most fired by now—made a dumb bet. Up to you to decide *when* you want to fix it.”

Iran Urges France to Stop Interfering in Dual National’s Case

Iran Urges France to Stop Interfering in Dual National’s Case

Seyyed Abbas Mousavi said on Friday as it has been repeatedly stated the French officials must be aware that the judicial processes in Iran are followed up independently.

Accordingly, he added, the case of Iranian citizen Fariba Adelkhah has been subject to an independent and fair judicial process.

“She has been convicted with regards to the crime she has committed, and is serving her sentence,” he noted.

“Political pressures and propaganda campaigns cannot disrupt the carrying out of the sentence. We hope that the French authorities will pay attention to this,” added Mousavi.

French Foreign Minister Jean-Yves Le Drian asked Iran to release Fariba Adelkhah who is serving her six-year sentence on national security charges.

“This ongoing situation can only have a negative impact on the bilateral relations between France and Iran, and can only significantly reduce the trust between our two countries,” he added.

This comes as on Thursday Tehran freed US Navy veteran Michael White who was detained since 2018.

Iran Demands Iraq’s Explanation on Ship Sinking Incident

Tehran Says Resolved to Broaden Its 'Comprehensive' Ties with Baghdad

Iran’s consulate in Basra says it has contacted the Iraqi officials about the latest condition of the crew of Behbahan vessel and the reason for its capsize.

In this regard, preliminary studies indicate that due to the unfavourable weather conditions and the impact of the waves on the cargo ship, its load has been pushed to one side of the ship, and this has caused the ship to sink, Iran’s foreign ministry said in a a statement on Friday.

The foreign ministry has also noted that the embassy and consulate general of the Islamic Republic in Iraq would match up to return the four survivors and transfer the body of an Iranian national who lost his life in this incident.

Iran’s Behbahan cargo ship capsized early Friday in Iraqi waters near Umm Qasr Port in the southeast of the country.

The vessel was heading from Iran’s Khoramshar port to transfer ceramic and other construction materials to the neighbouring state.

Day Trading Options – An Overview

An option is a versatile security. It’s a contract that allows the buyer the right to buy or sell an asset within a specific time period. If the asset underperforms, the trader is under no obligation to honor the option contract and can simply let the option expire. When this happens the trader loses the amount of the initial investment, but avoids the losses they would have been saddled with had they purchased the asset outright.

There are two types of options: calls and puts. A call gives a trader the right to purchase an asset within a specific time period. If a trader buys a call, he’s hoping the asset’s value increases before the option expires.  A put gives a trader the right to sell an asset; the trader’s hoping that the value declines before the option expires. Buyers of options are referred to as holders, while sellers of options are known as writers. The price that a holder or writer can buy or sell the underlying stock is called the strike price.

There are several advantages to buying options, but most traders will start day trading options for two reasons:

  • To Speculate. When day traders are buying options to speculate, they are betting on the price movement of an asset. The versatility of options allows traders to make money on speculation when the market goes up or down, or even sideways. Profiting from options isn’t easy; a trader has to correctly identify the asset that will move, whether it will increase or decrease, how much movement it will have, and over what time frame this movement will take place. Day traders use options in spite of this risk because it’s an effective way to use leverage. The ability to control a hundred shares with one option contract makes it easy for day traders to generate profits when they correctly identify a price movement.
  • To Hedge. Many day traders look at options as an insurance policy. Options are a means to insure their investments against losses. By using an option, traders can limit the downside without compromising the full potential of their investment. Since traders aren’t under any obligation to pick up an option, it’s a cost-effective way to manage risk.

To learn more about day trading options, check back with our blog as we address options strategies in greater detail in our next entries. If you can’t wait to jumpstart your education and want to start trading, contact www.101investing.com today and start your trading journey right now!

Iran’s Coronavirus Death Toll Rises to 8,134: Official

Iran’s Coronavirus Death Toll Rises to 8,134: Official

Speaking in his Friday press briefing, Kianoush Jahanpour said 13 Iranian provinces recorded zero fatalities since Thursday noon, and 5 provinces recorded only one death in the one-day period.

The spokesman also confirmed 2,886 new cases of COVID-19 infection, raising the total number of cases to 167,156.

He said 129,741 patients have so far recovered from the disease, and been discharged from hospitals across the country.

2,573 patients are also in severe conditions of the disease, he added.
So far, Jahanpour noted, 1,040,289 COVID-19 tests have been taken in Iran.

Coronavirus online test
If you are worried that you may have contracted the Coronavirus, take this test right now.

Iranian Cargo Vessel Behbahan Sinks in Iraqi Waters

Iranian Cargo Vessel Behbahan Sinks in Iraqi Waters

The Iranian vessel Behbahan sank in the early hours of Friday north of Persian Gulf and in the southeast of Umm Qasr Port, Iraq‘s only deep water port.

Khorramshahr Ports and Maritime Administration announced on Friday that the cargo vessel was carrying construction materials when it capsized.

Iranian Cargo Vessel Behbahan Sinks in Iraqi Waters
Iran Demands Iraq’s Explanation on Ship Sinking Incident

Iranian officials say there were seven crew members onboard, of whom one has died and four have been rescued. Two people including an Indian national are still unaccounted for and the rescue teams are searching the area.

The Islamic Republic is now consulting with Iraq to send a team of marine experts to the scene.

The cause of the incident is under investigation and will be announced later, Iranian authorities at Khorramshahr Ports and Maritime Administration say.