CBI and SCI Releasing Data
* The latest statistics by the CBI shows that the liquidity volume in the country has reached IRR 12,640 bn in Farvardin March-April 2017 while it hovered around IRR 12,530 bn in the same period last year. This organization also announced the inflation rate in June-July 2017 to reached 10.3%, which registers a 9.9% growth compared to the same period in the year before. The Statistical Center of Iran also announced the point to point inflation rate over June-July 2017 to stand at 8.9%; it shows 0.5-point decline in comparison with the month before.
* Being accompanied by a delegation, the Minister of Road and Urban Development paid a visit to Germany to discuss aerial, rail as well as marine cooperation with German parties.
* Iraq’s Oil & Gas Minister is planning to pay a visit to the country to discuss cooperation opportunities in the energy sector mostly on transferring Kirkuk Oil to Kermanshah and Tabriz Refineries; holding talks on educating Iraqi experts in the country will be another point. In this regard, the Iranian official has announced Iraq’s demand for more gas export than the current 7-8 mn sq. meters per day.
In the Market
The CBI is planned to grant new facilities for renovating old areas via Bank Maskan up to IRR 10,000 bn. Tickers in the Construction space, however, went through sales pressures such that Pardis Housing Investment faced a sell queue. Saman Gostar-e Esfahan (2.97%) and Fars Civil & Development (0.33%) as well as Azerbaijan Development Investment (4.99%) finished in the green. Such a negative atmosphere was observed in the Cement sector, led by Sharq Cement (-0.34%). Hegmatan Cement (2.96%) and Shomal Cement (1.56%) were among the few closing above their flat lines.
Iran oil export volume to Europe increased by 6 times in the first 4 months of 2017, compared to the same period last year, to stand at 9.316 mn ton. With oil prices going up, the majority of tickers in the Oil Products space settled with slim gains. Having held its AGM and setting a IRR 650 DPS, Bandar Abbas ticker returned to the market 5.26% higher at IRR 4,740, dragging the All-Share index up by 82 points.
Based on statistics, banks’ debt to the CBI reached IRR 1,009,900 bn, the government debt to the CBI stood at IRR 319,000 bn and the non-governmental sector’s debt to the banks’ hit IRR 9,131,300 bn.
Imported automobile prices have been heard to rise soon; besides, allowed by the National Competition Council, the prices for 3 Saipa products went up by up to 2.5%. A rather negative atmosphere dominated the Automotive group, although some like Nirou Mohareke (3.75%), Iran Lent (4.99%), Motorsazan Iran Tractor (3.99%) and Irka Part San’at (2.16%) finished above their flat lines. Iran Tractor Forging ticker was reopened in the +8.5% zone.
Having experienced growth in the recent sessions due to rise in global metals prices, the majority of names in the Metals and Iron Ore groups, finally, witnessed decline in value. Only a few like National Iranian Copper Industries (2.09%) and Iran Ferrosilis (0.65%) closed in the green but National Iranian Zinc and Lead, Iran’s Mineral Processing and Kimia-ye Zanjan Gostaran lost more than 4% in their prices.
Led by Beh Pardakht-e Mellat (0.15%), the Computer space went through rather negative trades; having benefited its shareholders with a 26% profit since being IPOed, this ticker finally started to be traded in a balanced way.
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