What are the trading hours?
Except Thursday, Friday and legal holidays trading hours in Tehran Stock Exchange shall be in one continuous session with the following daily schedule: Pre-open Period 8:30 - 9:00 a.m. Calculation of Open Price/Market Open 9:00 a.m. Regular Trading Period 9:00 -12:30 noon
Where can I invest?
Exchanges (Tehran Stock Exchange Co.), OTC market (Farabourse Co.), as well as Futures Market of Iran Mercantile Exchange (IME).
What are the trading instruments?
Shares, rights, Futures (on shares and different commodities such as underlying assets), corporate certificates, different Islamic fixed income securities (Sukuk).
For receiving any financial information about any listed company please contact us.
What is FIPPA?
IT is the ABBREVIATION OF "Foreign Investment Promotion and Protection Act". It WAS designed to MINIMIZE governmental risk of foreign investors.
How can I enter the money and repatriate?
The foreigner , by obtaining the trading license will be authorized to open accounts in Rial, in foreign exchanges, transfer foreign currencies to Iran, and convert them into Rial and vice versa in the Iranian banks for their banking and investing operations. Transfer of the original capital, capital gains and cash dividends received by the persons/ entities holding trading licenses overseas (outside Iran) shall be authorized in compliance with the national foreign exchange rules and other relevant standards and regulations. The Central Bank (CBI) of I.R.I shall deliver the foreign exchange equivalent of the transferable funds. Foreign Investors, at any time, can transfer out their money from the Iranian capital market and the country without any restrictions.
What is “Daily Price Fluctuation Limit”?
The daily price fluctuation limit of shares in TSE and IFB is set at +/- 5% of the closing price of the preceding business day. The limit in terms of rights is set at +/- 8%.
Are there any limitations for FPI?
The number of shares owned by the total foreign investors shall not exceed twenty (20%) percent of the total shares number of the companies listed on the exchange or on the OTC market or twenty percent (20%) of the shares number of any company listed on the exchange or on the OTC market. The number of shares owned by each foreign investor in any company listed on the exchange or on the OTC market shall not exceed ten percent (20%) of the shares number of such company.
Are there any taxation on capital gain/dividends?
No, capital gains and dividends are tax free for both Iranians and foreign investor.
How does the settlement work in Iran?
Currently, settlement for trades executed on equity markets takes place on the third business day after the transaction – often referred to as T+3. Central Securities Depository of Iran (CSDI) acts as central counter party to settlement, so that funds are transferred between Novin and CSDI, and securities are transferred between client accounts. Transactions are settled by book-entry transfer between accounts.
Can I trade over the internet (online)?
Yes. NOVIN securities provides online access to all of our clients through our website. Using this platform you can easily trade, manage your portfolio, and access to market information.
What are the benefits of "investment funds"?
Foreign investors may share their investments with Iranians, and managing investment will be observed by a well-qualified expert who obtains license. Those experts are well informed of Iranian market and have the ability and expertise in investing in this market. In a word, it is a less risky investment.
What is the difference between FPI and FDI?
Strategic foreign investor refers to the one who intends to possess over 20 percent of a listed share. Such foreign investor should contact "Organization for Investment, Economic and Technical Assistance of Iran (OIETAI). They grant the license to buy up to 100 percent of a listed share (as Foreign Direct Investment "FDI"). Please note that such investor cannot withdraw its capital whenever he / she may wants; he may grant license from OIETAI again. Please refer to Note 10 and 11, Article 1 regarding strategic investors and transferrable funds; also Note 1 of Article 10 of the "Regulation Governing Foreign Investment in the Exchanges and OTC Markets" of this booklet.