Today, 8% of Fajr Petrochemical Company, equal to 200,000,000 shares, with the ticker BFJR1, was initially offered to investors in Iran Fara Bourse at $0.33. Each brokerage house along with all branches was received 110,000 shares and 30 mn shares were also allocated to online traders offered at 12:40. Being established in 1998, holding $72.56 mn in capital and mainly belonging to the Persian Gulf Petrochemical Industries Holding Company, the company offers utility services. It has also been able to cover 77% of its estimations over the Q3 period for the FY ending 19 march 2016.Corporate Earnings
- The Cultural Heritage Investment Group has predicted to make $0.01 EPS for the FY ending 21 December 2016, demonstrating a 77% rise compared to the same period last year.
- Holding $413.65 mn in capital, Mobin Petrochemical Company has predicted to make $0.02 EPS for the FY ending 19 March 2017.
- Holding $29.02 mn in capital, Azarab Industries Company has predicted to make $0.01 EPS for the FY ending 19 March 2017; this shows a 33% increase compared to the EPS predicted in the same period last year.
In the Market
Most symbols in the Metals sector were positively traded such that Esfahan’s Mobarake Steel Company and Hormozgan-e Jonoub Steel Company faced buy queues. Besides, Esfahan’s Mobarake Steel Company was crowned as the highest volume traded share after trading more than 81 mn shares. It was so while Esfahan Steel Company dropped 1% and Khuzestan Steel Company and Amir Kabir Kashan Steel Company ended with sell queues. The National Iranian Copper Industries Company and Hormozgan-e Jonoub Steel Company also grew by 1% and 4%, respectively.
Most tickers in the Pharmaceutical sector ended in the green. Attending the market since 20 years ago, however, Tehran Chemie Company was degraded into the base market in Iran Fara Bourse due to not respecting the SEO’s rules and regulations.
Balanced trades were seen among tickers of the Oil Products sector. Starting the session in the negative zone, more than 4 mn shares of Lavan Oil Refining Company were traded among individual investors and it topped the sector in terms of the highest volume traded.
Symbols in the Automotive sector went through a positive session. Pars Khodro Company topped the sector in terms of the highest volume traded, after trading more than 127 mn shares; ending the previous session in the red, this ticker experienced a 1% growth today. Iran Khodro Diesel Company also ended in the green and after trading more than 108 mn shares, it ended with a 9 mn-share buy queue. In addition, Iran Khodro Company experienced a 4% price growth and ended with a 55 mn-share buy queue.
Finally, most symbols in the Chemical sector ended in the red, although symbols, including Pars International Products Company, Polyacryl Company and Sina Petrochemical Industries Company were warmly welcomed and faced with buy queues. More than 21 mn shares of Iranian Petrochemical Investment Group were traded among individual investors and after dropping 1.2%, it topped the sector in terms of the highest volume traded. Farabi Petrochemical Company, nonetheless, was the only ticker ending with a sell 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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