- An MOU has been inked between IRISL Company and PWL Shipping Lines during the Iranian company’s managing director visit to Hamburg, Germany to set up joint venture shipping lines. In case of implementation from early March 2016, this company will benefit from different services in ports of countries, including Germany, Belgium and Netherlands.
- As the result of an agreement made between Iranian banks, both state-owned and private, interest rate cut was proposed to the Central Bank of Iran calling for lowering this rate from 20 to 18%.
In the Market
All tickers in the Oil Products sector, except from Behran Oil Company ended in the red. Trading more than 14 mn shares, Bandar Abbas Oil Refining Company topped the sector in terms of the highest traded volume and ended with a low volume sell queue.
Most tickers in the Metals sector were negatively traded. Experiencing a 3% growth, Esfahan Steel Company was titled as the highest volume traded sahre. After trading more than 29 mn shares, Esfahan’s Mobarake Steel Company dropped 1%. Hormozgan-e Jonoub Steel Company was among those facing buy queues. National Iranian Copper Industries Company also closed at -3%.
Most symbols in the Automotive sector were also traded negatively. After trading more than 143 mn shares, Pars Khodro Company ended in the red with a 7 mn-share sell queue. On the other hand, after trading more than 130 mn shares, Iran Khodro Company also ended with a 5 mn-share buy queue. Besides, Zamyad Company was also warmly welcomed by investors and after trading more than 122 mn shares, it ended with a 97 mn-share buy queue.
And despite negative trades seen among most symbols in the Chemical sector, Tuka Paint Foolad Steel Company and Sina Chemical Industries Company ended with buy queues, albeit tickers, including Farabi Chemical Company and Pars International Products Company ended with sell queues. Persian Gulf Petrochemical Industries Company topped the sector in terms of the highest traded value and experienced a 1.5% growth. It was so while more than 11 mn shares of Parsian Oil and Gas Development Company were traded among individual investors and it ended with a 3% price drop.
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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