- Stressing on the importance of consumers’ satisfaction with the produced automobiles in the country, president Rouhani promised the privatization of the automobile sector in the near future. Referring to Iran’s interest in joint venture and partnership, he also added that increasing the level of competitiveness of the local market has the potential to strengthen the industry.
- Referring to the current volume of trades between Iran and South Korea, which stands at $9 bn, the Minister of Economy and Finance announced South Korea’s willingness to invest in Iran’s metals sector, auto industry as well as tourism sector. According to the inked agreements between the authorities, the Korean Exim Bank shall provide Iran with loans worth $15 bn.
In the Market
Most symbols in the Automotive sector were traded positively such that Iran Khodro Diesel Company and Bahman Group ended with buy queues. Iran Khodro Diesel experienced more than 4% growth and after trading more than 229 mn shares, it ended with a 16 mn-share buy queue and topped the sector in terms of the highest traded volume. However, Rena Investment Holding Company slipped by 4% after trading more than 130 mn shares. Besides, 113 mn shares of Iran Khodro Company were traded, closing at +0 area and Saipa Diesel Company also shed 2%.
Negative trades were observed among tickers of the Metals sector. Esfahan’s Mobarake Steel Company dropped 1% after trading more than 23 mn shares while National Iranian Copper Industries Company ended at +0 area, after more 18 mn shares were traded. Hormozgan-e Jonoub Steel Company was another symbol which was traded lower than expected and in a low volume.
Most symbols in the Chemicals sector ended in the green. Topping the sector in terms of the highest volume traded, more than 25 mn shares of Parsian Oil and Gas Development Company were traded. Furthermore, impressed by its 1200% capital raise announcement, Polyacryl Company managed to keep its investors’ interest for the 17th sessions and faced a buy queue.
Finally, except from Tabriz Oil Refining Company and Bandar Abbas Oil Refining Company, all symbols in the Oil Products sector ended in the red. After trading more than 21 mn shares, Bandar Abbas Oil Refining Company gained by 1% and was crowned as the highest volume traded share. However, Esfahan Oil Refining Company slipped by 3% after trading more than 12 mn shares; according to statistics, 95% of its buyers were individual investors.
TSE at a Glance
Summary of Trades
TSE Major Sectors’ Daily Performance
Trading Halts and Reopenings
IFB at a Glance
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