Being an exclusive event for global leaders in the exchange sector, on 12 November, the Mondo Visione Exchange Forum is about to host a delegation of senior stock market managers from the Middle East to discuss investment opportunities in the Iranian market. Tehran Stock Exchange CEO Hasan Qalibaf Asl, Dubai Stock Exchange CEO Gaurang Desai, Istanbul Stock Exchange Derivatives Manager Muammer Cakir, and Iran Farabourse CEO Amir Hamooni will attend the event and speak. Mondo Visione Managing Director Herbie Skeete has stated that investment opportunities are increasing in the Middle East; as a result, this forum will focus on the growing interest as well as potential in the Tehran and Istanbul capital markets. Mr Skeete stated that the Iranian capital market post-sanctions will face competition from the UAE, Kuwait and Bahrain in attracting foreign investment and improving transaction processes. He also emphasized the strong presence of the Istanbul capital market as a result of Turkey’s ambitions to become the region’s financial hub.
Holding USD 50.80 mn in capital, Sepahan Cement Company released its unaudited financial statements for the FY ending 22 September 2015. The company made USD 64.46 mn from sales, leading to USD 18.95 mn in gross profit. The subtraction of SG&A costs and the addition of other operating revenues resulted in USD 17.66 mn in operating profit and USD 9.83 mn in net income, recognizing a USD 0.01 EPS.
Bahman Diesel Company released its Q2 reports for the FY ending 19 March 2016. Holding USD 28.22 mn in capital, the company made USD 52.63 mn from sales, which resulted in USD 16.65 mn in operating profit and USD 10.98 mn in net income after SG&A costs and other revenues. Finally, the company managed to recognize a USD 0.01 EPS, which represents a 30% increase compared to the same period last year.
In the Market
Today, as the result of the newly granted provisions, the Automotive sector started today’s trading session strong; however, it balanced off towards the end.
Being negatively affected by the provisions, the Other Financial Intermediaries sector attracted the attention of investors’ attention due to lower and attractive prices and the listed companies faced a price growth.
In the Oil Products sector, most tickers faced a price hike. Lavan Oil Refining Company gained the attention of investors after releasing sound production and sales statistics.
The symbols in the Chemicals sector enjoy better fundamentals; factors such as gas feed prices, the anticipated gas consumption in the forthcoming winter, the USD-IRR exchange rate, as well as global prices are likely to positively affect companies. In addition, the upcoming exploitation of Pars-e Jonoubi’s phases and gas production growth are other positive factors, which, if accompanied by sanctions lifting, the new technologies and the introduction of new financial instruments for financing, will bring about a bright future for chemical companies.
Finally, the Metals sector companies remained in the green area for the fifth consecutive day, paving the way for the 5.1% growth of the sector’s index. National Iranian Copper Industries Company topped the sector in terms of the highest trade value and volume.
TSE at a Glance
Summary of Trades
Trading Halts and Reopenings
IFB at a Glance
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