- The recent tensions between Iran and Saudi Arabia, which has led to challenges at diplomatic level, have led practitioners to believe that Savola Company, as the main stockholder of Savola Behshahr Company and the owners of Savola Behshahr Sugar Company may sell its business. However, the company’s officials have announced their plan to stay in the Iranian market, hoping to enjoy its anticipated competitive advantage once the sanctions are removed.
- Banning the import of dairy products from Europe in October prepared grounds for the import of Iranian dairy products to Russia. According to Iranian officials, a pioneer domestic dairy company has managed to receive the authorization to export its products and will start exporting its products, including powder dairy products and different kinds of cheese, in late January.
Post Bank has announced to make $0.01 EPS for the FY ending 20 March 2016, based on its Q3 reports. It was so while the company had estimated to make $0.02 EPS, relying on the Q2 reports.
In the Market
At the end of today’s trading session, the whole market ended in the green; the more we approach the implementation day, the greener the market becomes. Despite its negative Beta correlation with the market, even the Sugar sector ended in the green; tickers experienced balanced and rather positive trades. Hekmatan Sugar Company plus Naqsh-e Jahan Sugar Company were the only symbols trading negatively.
In spite of the non-determination of stock feed prices, most tickers in the Chemicals sector ended in the green and many faced buy queues. Trading 30.5 million shares and keeping its ascending trend since Saturday this week, Iranian Petrochemical Investment Group topped the sector in terms of the highest volume and faced a buy queue for the second day.
Finally, as the result of upcoming SWIFT sanctions removal, tickers in the Banking sector witnessed high volume trades; symbols including Bank Saderat and Bank Hekmat Iranian faced buy queues. In addition, Bank Gardeshgari (Tourism) has managed to receive the certification to join the Tourism Organization as the first Iranian bank. This news affected both Bank Gardeshgari and the Cultural Heritage Investment Group, as its main shareholder, in the Hospitality sector; this share has been experiencing a balanced trend recently.
TSE at a Glance[caption id="attachment_5778" align="alignnone" width="861"] TSE at a Glance[/caption]
Summary of Trades[caption id="attachment_5779" align="alignnone" width="888"] Summary of Trades[/caption]
TSE Top 10 Stocks[caption id="attachment_5780" align="alignnone" width="1186"] TSE Top 10 Stocks[/caption]
TSE Major Sectors’ Daily Performance[caption id="attachment_5781" align="aligncenter" width="638"] TSE Major Sectors’ Daily Performance[/caption]
Trading Halts and Reopenings[caption id="attachment_5782" align="alignnone" width="851"] Trading Halts and Reopenings[/caption]
IFB at a Glance[caption id="attachment_5783" align="alignnone" width="836"] IFB at a Glance[/caption]
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