News and Views
- Authorities of the Securities and Exchange Organization of Iran have plans to amend the 10-year old laws and regulations of the capital market, considering the developments occurred in the recent decade in global and domestic markets. Stating that the preparation process for such modifications have been kicked off about a year ago, an informed source mentioned that the SEO has enjoyed a number of specialists and working groups with the aim of examination and discussion and has also asked legal and financial experts for their opinions and viewpoints. However, since the prepared draft must pass the parliament, it does not seem that new regulations will be implemented in the current Persian year.
- Insisting that the interest rates cannot be lowered by decree, Mr. Ali Tayebnia announced that authorities believe that the current interest rates do not match the economic realities of the society. Pointing out to the fact that such rates should be reduced in harmony with the descending inflation rate, he continued to say that such a reduction would benefit the production and manufacturing units and contribute to the removal of the current recession.
- Holding USD 17.52 mn in capital, Minoo Industrial Group had predicted to make a USD 0.01 EPS for the FY ending 19 March 2016. The company managed to make 31% of this amount, equal to a USD 0.004 over the first half of the year; it was so while the company had covered only 13% of its predicted EPS the same period last year.
- Despite its previous estimation to recognize a USD 0.02 EPS, Farabi Petrochemical Company has negatively adjusted its EPS by 329%, on the basis of its Q2 performance, and announced to make USD 0.07 loss per share. The reason has been mentioned to be the 38% reduction of sales and the 38% increase in general costs plus the 102% reduction in the company’s operating revenues.
TSE at a Glance[caption id="attachment_5248" align="aligncenter" width="880"] TSE at a Glance[/caption]
Summary of Trades[caption id="attachment_5249" align="aligncenter" width="892"] Summary of Trades[/caption]
TSE Top 10 Stocks[caption id="attachment_5250" align="aligncenter" width="1156"] TSE Top 10 Stocks[/caption]
TSE Major Sectors’ Daily Performance[caption id="attachment_5251" align="aligncenter" width="561"] TSE Major Sectors’ Daily Performance[/caption]
Trading Halts and Reopenings[caption id="attachment_5252" align="aligncenter" width="829"] Trading Halts and Reopenings[/caption]
IFB at a Glance[caption id="attachment_5253" align="aligncenter" width="802"] IFB at a Glance[/caption]
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.
To contact reporters: Mojde Rezaee at email@example.com