As a valuable opportunity to introduce Iran’s capital market to foreign investors and provide operating strategies to increase international transactions volume, the first world conference on Iran’s financial market, hosting the CEOs of the CSDI and brokerage houses, was held where Dr. Mohseni called brokers as the main nucleus to attract foreign investment and promised the holding of special workshops to formulate and implement proper operating strategies. Mr. Mirsanei, as the secretary general of the brokers association also referred to the 61 proposals made by this association to facilitate the entrance of foreign investment to the country. Besides, he pointed out the role of the Ministry of Economy and Commerce in introducing Iran’s capital market and expressed hopes on receiving the required support from the correspondent authorities.
In the Market
Rather balanced trades were seen in the Banking sector. More than 150 mn shares of Bank Saderat were traded, 36% of which was bought by institutional investors. Bank Eqtesad Novin and Bank Sarmaye were the two symbols facing a buy queue. According to the news, 4 Iranian banks, including Bank Saderat are still sanctioned, despite the JCPOA implementation.
Most tickers in the Automotive sector ended in the red. After trading more than 120 shares, Pars Khodro Company topped the sector in terms of the highest volume traded and eventually ended with a 2 mn-share sell queue. While Zamyad Company was traded at the -2% territory, Bahman Group witnessed rather balanced trades and ended at +0 area. In addition, Saipa Company was still demanded by investors after trading more than 13 mn shares and Rena Investment Company also ended with a 77 mn-share buy queue.
Finally, negative trades were seen in most symbols of the Metals sector. After trading more than 35 mn shares at -2% area, Esfahan’s Mobarake Steel Company was crowned as the highest volume traded share. The National Iranian Copper Industries Company experienced a 1% growth. Besides, Esfahan Steel Company was also highly demanded and it eventually ended with a 83 mn- share buy queue.
TSE at a Glance
Summary of Trades
TSE’s Top 10 Stocks
TSE Major Sectors’ Daily Performance
Trading Halts and Reopenings
IFB at a Glance
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