Mofid Securities would like to express its best wishes for the Persian New Year (Nowruz) and the advent of spring to all our clients, subscribers, and visitors around the world. May the coming year take you on the path to glory where all your endeavors become glorious and your life a success story.
On the occasion of national holidays to celebrate the Iranian New year (Nowruz), Mofid Securities will be closed from March 19 to March 24, 2017.
We'll reopen on Saturday March 25, 2017. Please note that all markets including the Tehran Stock Exchange (TSE) and Iran Fara Bourse (IFB) will be closed in the above mention period.
In harmony with rebirth of nature, the Persian New Year celebration, or Nowruz, begins on the first day of spring, March 20th of each year. Nowruz ceremonies are symbolic representations of two ancient concepts - the End and Rebirth.
Known as Nowruz or Norooz, the holiday means “New Day” and commemorates the Persian New Year.
The holiday, which dates back 3,000 years, is rooted in Zoroastrianism – an ancient Iranian religion. Nowruz is considered one of the largest celebrations of the year with Iranians of all religions taking part in the festivities.
Before the New Year, Iranians start cleaning their houses (Khaane Tekaani), and they buy new clothes. But a major part of New Year rituals is setting the "Haft Seen" with seven specific items. In ancient times each of the items corresponded to one of the seven creations and the seven holy immortals protecting them. Today they are changed and modified but some have kept their symbolism. All the seven items start with the letter "S"; this was not the order in ancient times. These seven things usually are: Seeb (apple), Sabze (green grass), Serke (vinager), Samanoo (a meal made out of wheat), Senjed (a special kind of berry), Sekke (coin), and Seer (garlic). Sometimes instead of Serke they put Somagh (sumak, an Iranian spice). Zoroastrians today do not have the seven "S"s but they have the ritual of growing seven seeds as a reminder that this is the seventh feast of creation, while their sprouting into new growth symbolized resurrection and eternal life to come.
Wheat or lentil representing new growth is grown in a flat dish a few days before the New Year and is called Sabzeh (green shoots). Decorated with colorful ribbons, it is kept until Sizdah beh dar, the 13th day of the New Year, and then disposed outdoors. A few live gold fish (the most easily obtainable animal) are placed in a fish bowl. In the old days they would be returned to the riverbanks, but today most people will keep them. Mirrors are placed on the spread with lit candles as a symbol of fire. Most of the people used to place Qoran on their Sofreh (spread) in order to bless the New Year. But some people found another alternative to Qoran and replaced it by the Divan-e Hafez (poetry book of Hefez), and during "Saal Tahvil" reading some verses from it was popular. Nowadays, a great number of Iranians are placing Shahnameh (the Epic of Kings) of Ferdowsi on their spread as an Iranian national book. They believe that Shahnameh has more Iranian identity values and spirits, and is much suitable for this ancient celebration.
After the Saal Tahvil, people hug and kiss each other and wish each other a happy new year. Then they give presents to each other (traditionally cash, coins or gold coins), usually older ones to the younger ones. The first few days are spent visiting older members of the family, relatives and friends. Children receive presents and sweets, special meals and "Aajil" (a combination of different nuts with raisins and other sweet stuff) or fruits are consumed. Traditionally on the night before the New Year, most Iranians will have Sabzi Polo Mahi, a special dish of rice cooked with fresh herbs and served with smoked and freshly fried fish. Koukou Sabzi, a mixture of fresh herbs with eggs fried or baked, is also served. The next day rice and noodles (Reshteh Polo) is served.
The 13th day of the New Year is called "Sizdah Bedar" and spent mostly outdoors. People will leave their homes to go to the parks or local plains for a festive picnic. It is a must to spend Sizdah Bedar in nature. This is called Sizdah Bedar and is the most popular day of the holidays among children because they get to play a lot! Also in this day, people throw the Sabze away, they believe Sabze should not stay in the house after "Sizdah Bedar". Iranians regard 13th day as a bad omen and believe that by going into the fields and parks they avoid misfortunes. It is also believed that unwed girls can wish for a husband by going into the fields and tying a knot between green shoots, symbolizing a marital bond.
Another tradition of the New Year celebrations is "Chahar-Shanbeh Soori". It takes place before Saal Tahvil, at the eve of the last Wednesday of the old year. People set up bon fire, young and old leap over the fires with songs and gestures of merriment like:
(Sorkhi-e to az man) Give me your beautiful red color
(Zardi-e man az to) And take back my sickly pallor!
It means: I will give you my yellow color (sign of sickness), and you give me your fiery red color (sign of healthiness). This is a purification rite and 'suri' itself means red and fiery.
Nowruz Mobarak (Happy Nowruz, Happy New Year);
Eid-eh Shoma Mobarak (Happy New Year to you);
Nowruz Pirooz (Wishing you a Prosperous New Year);
International Nowruz Day was proclaimed by the United Nations General Assembly, in its resolution A/RES/64/253 of 2010, at the initiative of several countries that share this holiday (Afghanistan, Albania, Azerbaijan, the Former Yugoslav Republic of Macedonia, India, Iran (Islamic Republic of), Kazakhstan, Kyrgyzstan, Tajikistan, Turkey and Turkmenistan.
Inscribed in 2009 on the Representative List of the Intangible Cultural Heritage of Humanity as a cultural tradition observed by numerous peoples, Nowruz is an ancestral festivity marking the first day of spring and the renewal of nature. It promotes values of peace and solidarity between generations and within families as well as reconciliation and neighborliness, thus contributing to cultural diversity and friendship among peoples and different communities.