Contents 3
Overview
6
Stock
Investors should be encouraged by the performance of Tehran Stock Exchange in March as a broad increase in share prices pushed TEDPIX 4.8 percent higher.
Even though the Number of trading days were only 17 because of Iranian new year holidays, trade value of TSE rose 27 percent compared with the prior month due to positive expectations of investors.
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Fund
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Mutual Funds experienced a good month and had up to 15 percent increase in their NAVs in March. Our three mutual funds were also successful due to significant positions in blue chip stocks of the market.
Commodity
16
Because of the Iranian New Year holiday, Nowruz, total trading value of the IME dropped by 40 percent compared to last month. Industrial group is leading the market with USD 700 Million trade value.
March. 30 million shares of KiCCC were sold in less than a minute.
Nowruz ([nou’ru:z], meaning “The New Day”) is the name of the Iranian New Year in Iranian calendars and the corresponding traditional celebrations. Nowruz is celebrated and observed by Iranian people and has spread in many other parts of the world. Nowruz marks the first day of spring and the beginning of the year in Iranian calendar. It is celebrated on the day of the astronomical vernal equinox, which usually occurs on March 21. The moment the Sun crosses the celestial equator and equalizes night and day is calculated exactly every year and Iranian families gather together to observe the rituals. Wikipedia.org
News
2
IPO of Iran Kish Credit Card Company, the last IPO of this Iranian year, was in Iran Market Reporter No. 11 Mar 2012 ( Issue 3, Vol. 2)
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