According to Mr. Valiollah Seif, the CBI is committed to lowering interest rates down to single digits, mainly by promoting stability in markets and supervising banks’ performance in the interbank market, to be compatible with the inflation rate. In addition, the governor of the CBI also announced the bank’s foreign exchange rate unification plan until the end of the current year, which plays a crucial part in Iran’s resuming its relations with the world, mainly global banking system.
According to the statistics, the value and volume of trades as well as the All-Share Index enjoyed a rise in Tir (21 Jun-21 Jul), compared to those of Khordad (21 May- 20 Jun). In Tir, 19,455 mn shares worth $1,287 mn changed hands, registering a 0.5% and 8.4% increase. In addition, the value and volume of retail and block trades in Tir posted a 7% increase and 4.6% decrease, respectively. Eventually, the TEDPIX also went up 1,899 points, equal to 2.62% to stand at 74,514.
In the Market
Nearly all names, albeit in the absence of their leaders, in the Automotive space ended in the green. Zamyad (Khezamya) went up 4% after more than 58 mn shares traded; it closed with a 45 mn share buy queue and topped the sector in terms of the highest volume traded. Rena Investment (Varena) also gained 4% and finished with a 7 mn buy queue. Tickers of Spare Part Mfg. companies also were highly welcomed and mostly closed with buy queues.
Positive trades were seen in the Metals group. Being halted for holding its general and extraordinary general meetings, National Iranian Copper Industries (Fameli)’s ticker was reopened 7% higher; after more than 75 mn shares changed hands, this share was titled as the highest volume traded share and ended with a 27 mn buy queue. Hormozgan-e Jonoub Steel (Hormoz) also attracted investors’ attention. Esfahan’s Mobarake Steel (Foolad) was another ticker reopened 4% higher; this was also highly welcomed. However, Shahid Bahonar Copper Industries (Fabahonar) followed a descending trend and shed 2%. Arfa’ Metal and Steel (Arfa’) also lost 2%.
Bank Middle East (Bank Khavar Miane) (Vakhavar) and Bank Gardeshgari (Bank Tourism) (Vagardesh) in the Banking Space went through rather balanced trades in the absence of their leaders.
Finally, among symbols in the Iron Ore space, Gol-e Gohar Mining and Industrial (Kegol) and Chadormalu Mining and Industrial (Kechad) traded at their highs and faced buy queues. However, Saba Noor Mining Development (Kenoor) started to fall mainly after its 3-month report released; the company has made loss per share in the first quarter of the current fiscal year and faced a sell queue at the end of the session.
TSE at a Glance
Summary of Trades
Major Sectors’ Daily Performance
Trading Halts and Reopenings
IFB at a Glance
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