- According to Dr. Fetanat, as the head of Securities and Exchange Organization of Iran, Iran’s application to join IOSCO has been processed and finalized. Besides, SEO has been invited to submit its dependent membership application at the next meeting of IOSCO in Peru. Established in 1983, the International Organization of Securities Commissions (IOSCO) is an association of organizations that regulate more than 95% of the world’s capital markets, whose members are from over 100 countries. In addition, its role is to assist its members to promote high standards of regulation and act as a forum for national regulators to cooperate with themselves and other international organizations. IOSCO is structured into different committees, including the Executive Committee, the Technical Committee and the Emerging Markets Committee; its members meet several times per year at different locations and its permanent secretariat is based in Madrid, Spain. Joining this organization will facilitate and accelerate Iran’s capital market internationalization, as one of the major targets of the SEO.
- Relying on the statistics of the previous Persian calendar year in 243 trading sessions, the TEDPIX ended in the green in 142 days and turned red in 101 sessions. In such sessions, individual and institutional investors bought 49.5% and 50.5% of shares and rights in the market, respectively while the figures show that 46.2% and 53.8% of sales have been conducted by individual and institutional investors, correspondingly. Besides, 87,991,787 bonds, worth $2,492 mn, changed hands demonstrating 461% and 453% rise in terms of number and value.
Having received the permission from the SEO to raise its capital by 59%, Tide Water Middle East Company has held its extraordinary meeting and increased its capital from $17.84 mn to $28.77 mn in order to be able to implement its development plan of Emam Khomeini Port silo and bore projects.
In the Market
At the early hours of today’s trading session, most symbols of the Automotive sector went under sell pressure; however, such pressure was lifted the more we approached the last hours of the market which has given hopes over a more positive session tomorrow. Most names in this group have experienced constant growth in the last 3 months and such corrections seem natural.
Most names in the Metals space ended in the red. After more than 9 mn shares changed hands, Esfahan’s Mobarake Steel Company, which eventually shed 4%, was titled as the highest volume traded share. Symbols such as Khorasan Steel Company and Hormozgan-e Jonoub Steel Company ended with sell queues. Rather balanced trades were also seen in the Iron Ore sector. In the last 3 months, iron ores outperformed among other raw materials and its price went up by 25% due to more construction activities in China. However, experts are not that optimistic and believe that the current prices will fall due to over production.
A great number of tickers in the Chemicals sector were negatively traded. Gaining 2.5%, Persian Gulf Petrochemical Industries Company was crowned as the highest value traded share, after trading more than 14 mn shares mainly among institutional investors. Names like Pars International Products Company and Farabi Petrochemical Company closed at their lows. Benefiting its investors with more than 33% return since the beginning of the current year, Polyacryl Company faced an about 1 mn share buy queue and its ticker was halted at the end of the session. Petrochemical Industries Investment Company grew by less than 1% and it topped the space in terms of the highest volume traded share after about 18 mn shares changed hands among individual investors.
Finally, symbols in the Banking affair went through a negative session. Issues such as ambiguities and uncertainties over correspondent banking might be the reasons dragging tickers in the red, despite the sector’s huge potential. Bank Saderat topped the sector in terms of the highest volume traded, after trading 45 mn shares. After more than 38 mn shares of Bank Mellat traded by investors, more than 60% of which were institutional shareholders, this ticker was halted. Bank Karafarin was the only one which ended above its flat line. Bank Day also shed 4% after news on a block trade of Damavand Power Generation Company was broke out.
TSE at a Glance
Summary of Trades
TSE’s Top 10 Stocks
TSE Major Sectors’ Daily Performance
Trading Halts and Reopenings
IFB at a Glance
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