- On the sideline of the UN General Assembly and in a press conference in New York, President Rouhani announced that no problem exists in the way of cooperating with American companies, referring to the suitable atmosphere created in the post JCPOA era. Calling this era an opportunity for Iran to resume as well as improve its relations with other countries, he stated that JCPOA is in the interest of the region and the whole world.
- Finally on Wednesday September 21, the US Treasury Department granted licenses to Boeing and Airbus to sell planes to Iran, which will be the biggest business transaction after the implementation day, once it is completed. This trade has the potential to remove uncertainty and break the taboo of dealing with Iran and will pave the way for major foreign banks and companies to start working with Iran.
- On Wednesday September 21, 10% of Goldasht-e Nemoune Esfahan Animal Husbandry Company, equal to 20,000,000 shares, with the ticker GDSZ1, were initially offered to investors in Iran Fara Bourse, priced at a $0.07. Each brokerage house along with all their branches was allocated with 100,000 shares while each online trader was permitted to buy up to 400 shares at 12:40 pm. The respective company, which is active in the Agriculture space, has realized a $0.001 EPS in the Q1 of the FY ending 19 March 2017.
In the Market
Names in the Automotive space were highly demanded and ended above their flat lines, hitting their highs. After trading more than 63 mn shares, Saipa Group (Khesapa) eventually ended with a 58 mn share buy queue, topping group in terms of the highest volume traded. Other symbols such as Zamyad (Khezamya), Iran Khodro (Khodro), Iran Khodro Diesel (Khavar) and Pars Khodro (Khepars) finished with buy queues. The Azerbaijani Partner of Iran Khodro has also promised to complete the first phase of automobile production in Baku early next year.
Most tickers in the Metals industry experienced price growth. Leading the group, Esfahan Steel (Zob) went through more than 23 mn shares traded and closed in the -0% zone. National Iranian Copper Industries (Fameli) and Esfahan’s Mobarake Steel (Foolad) also went up 1%.
The majority of names in the Chemicals industry were positively traded. 3 mn shares of Persian Gulf Petrochemical Industries (Fars) were block traded; the share eventually went up 1% and topped the industry in terms of the highest value traded. Sina Chemical Industries (Shesina) was the only ticker facing a buy queue. More than 4 mn shares of Petrochemical Industries Investment (Vapetro) changed hands such that 100% of its buyers were individual investors; it eventually gained 4%. However, following its descending trend, Farabi Petrochemical (Shefara) went through low volume trades and finally, finished with a sell queue.
Finally, nearly all symbols in the Oil Products sector were positively traded. Bandar Abbas Oil Refining (Shebandar) went through trades worth $0.56 mn and titled as the highest value traded share; it finally closed 2% higher. Following its uptrend, Shiraz Oil Refining (Sheraz) faced a buy queue after about 1 mn shares changed hands; 98% of buyers were among individual investors.
TSE at a Glance
Summary of Trades
Major Sectors’ Daily Performance
Trading Halts and Reopenings
IFB at a Glance
DISCLAIMER: This report has been prepared and issued by Agah Brokerage Firm on the basis of publicly available information, internally developed data and other sources believed to be reliable. The information contained herein is not guaranteed, does not purport to be comprehensive and is strictly for information purposes only. Agah does not assume any liability for any direct, indirect or consequential loss that may result from the reliance by any person upon any such information or opinions. Any expressions of opinions are subject to change without notice.