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Bell-Ringing Ceremony to Launch Agriculture Commodity ETF on IME

The first agriculture commodity ETF of the Iran Mercantile Exchange will be officially launched through a bell-ringing ceremony attended by the Iranian top authorities and capital market luminaries on Tuesday 5th of January.
Bell-Ringing Ceremony to Launch Agriculture Commodity ETF on IME

The ETF units’ transaction will kick start in a special ceremony with the Agriculture Minister, chairman of the Securities and Exchange Organization of Iran, chairman of the Economic Commission of the Iranian parliament and the CEO of the IME ringing the bell in the main trading floor of the exchange. The Novira agriculture ETF will offer units on saffron, dubbed by the market participants as “the red gold”.  The second fund will be Saharkhis starting trades with again saffron as the underlying asset. According to the news released by the public relations of the exchange, the event will also see the launch of the commodity depository receipt (CDR) trades of Mazafati dates on the TSETMC electronic platform, another step forward in agriculture CDR market development on the exchange. The instrument is forecast to be hailed by the market as a lucrative investment gadget. The pre-opening of the market is launched as of today.

Author: IME International Affairs

ID: 50074542

Published on: Sunday, January 3, 2021 15:00

Source: IME PR

View count: 4

Monday, March 1, 2021 01:47

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