- Although allowing inspectors to continue monitoring the country’s nuclear program, the unanimous decision by the UN nuclear watchdog’s board finally decided to close the inquiry into the possible military dimensions of Iran’s nuclear program. In this regard, the Foreign Minister, Mr. Zarif has stated that “the resolution by the board of governors of the agency.. shows the peaceful nature of Iran’s nuclear program”. Referring back to the 14th July agreement, this decision is a key step towards the lifting of sanctions, followed by the release of the long-awaited report by the IAEI about 2 weeks ago.
- According to the head of IRICA, foreign trade statistics will be daily updated on the website of Iran’s Custom Administration, located at www.irica.gov.ir from January, which used to be published at the end of each quarter. Besides, as Mr. Karbasian continues, the custom clearance for imported goods has declined from 26 days to 2 days and exporters can complete the whole process of exporting their goods within 1 day.
- Estimating to make a $0.01 EPS for the FY ending 19 March 2016, Bank Tejarat has managed to make a $0.001, covering 37% over the first half. It is so while it had been able to cover 50% of its estimations the same period last year.
- Bank Shahr (City Bank) has registered its capital raise plan in companies’ registration office at 9 December 2015, based on its fixed assets revaluation, from $218.53 mn to $430.78 mn.
In the Market
At the beginning of today’s trading session, some sectors were warmly welcome by investors; however, despite the positive PMD news, the market ended in the red, paving the ground more for speculative activities. As the result, tickers in the Sugar sector witnessed rather balanced and positive trades and Shirvan, Quchan and Bojnourd Sugar Company, which has kept its high volume trading in the recent days, faced a buy queue.
The determination of gas feed price for tickers in the Chemicals and Oil Products sector has not reached any conclusion, yet. Being led by Bandar Abbas Oil Refining Company, the Oil Products sector has still kept its bearish trend due to the declining commodity prices in global markets and it seems quite far-fetched to be able to attract investors’ attention. A few symbols in the Chemicals sector were traded in the green; however, generally speaking, the trade volume was rather low.
Although anticipated to become the center of attention of investors after the PMD news released, symbols in the Automotive sector mainly ended in the red, facing price plunge. The price of Iran Khodro Company fell by 2% and Pars Khodro Company’s price also experienced a 4% drop.
Finally, among the tickers in the Other Financial Intermediaries sector, Bahman Leasing Company was the only ticker traded in the green area; the company has received its permit to conduct its capital raise plan by 66.6%. Such an increase in its capital will be based on its shareholders’ paid-in capital and retained earnings, reaching from $ 16.60 mn to $ 27.66 mn aimed at modifying its financial structure and boosting its operating leasing activities.
TSE at a Glance[caption id="attachment_5414" align="aligncenter" width="879"] TSE at a Glance[/caption]
Summary of Trades[caption id="attachment_5415" align="aligncenter" width="837"] Summary of Trades[/caption]
TSE Top 10 Stocks[caption id="attachment_5416" align="aligncenter" width="1163"] TSE Top 10 Stocks[/caption]
TSE Major Sectors’ Daily Performance[caption id="attachment_5417" align="aligncenter" width="546"] TSE Major Sectors’ Daily Performance[/caption]
Trading Halts and Reopenings[caption id="attachment_5418" align="aligncenter" width="855"] Trading Halts and Reopenings[/caption]
IFB at a Glance[caption id="attachment_5419" align="aligncenter" width="816"] IFB at a Glance[/caption]
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