- The 12th international conference on Iran’s Petrochemical Industry kicked off. Being known as one of the important conferences in this field held in 2 consecutive days, this conference is to host Iran’s vice president, the foreign affairs minister and petroleum minister, elaborating on Iran’s political and economic conditions in the post-sanction era and how to manage foreign investment.
- Competing with each other to enter a country of 80 million people, known as the region’s biggest automotive market, three automakers from France, Sweden and Germany are preparing to resume operations in Iran as soon as the JCPOA becomes implemented. To this can be added the talks and anticipated cooperation with Italian and Japanese carmakers.
- In a newly published article, Bloomberg has said that as the fifth-largest crude producer among OPEC members, Iran has the potential to generate more revenue from mining, compared to crude, if more attention be paid on the Metals sector by the government.
- Recognizing $0.0004 loss per share in its Q2 reports, Qasem Company has estimated to make $0.009 EPS for the next half of the FY ending 19 March 2016, demonstrating 37% negative adjustment compared to the previous predictions.
- Holding $20.69 mn in capital, Tehran Construction and Renovation Company has predicted to recognize $0.001 loss per share for the FY ending 22 September 2015, showing a 219% decline compared to the EPS made in the same period last year.
- Shomal Drilling Company has predicted to make $0.005 ir EPS for the Q2 of the FY ending 22 September 2015, which shows a 64% drop compared to the same period last year.
In the Market
After the rather long holiday, the market witnessed low volume and value trades. Despite approaching the lifting of sanctions, global markets seem not promising and commodities’ prices keep falling, contributing to the investors’ becoming very cautious. In the Chemicals sector, most tickers were passive watchers due to oil price drop and ambiguities in gas feed price determination. At the end of today’s trading session, Shazand Petrochemical Company attracted investors’ attention due to its positive adjustment; and Polyacryl Company and Sina Chemical Industries Company ended in the green.
Low volume and negative trades were witnessed in the Pharmaceutical sector. The USD price appreciation seems not to the benefit of symbols in this sector.
In the Metals sector, the small ticker of Yazd Alloys Steel Industries Company faced a buy queue as the result of its capital raise plan by 550%. Khuzestan Steel Company was traded in the red. The interesting point in this sector has been the positive trade of the Rights of Esfahan’s Mobarake Steel Company by 8% growth.
Finally contrary to the bearish trend of the overall index, tickers in the Sugar sector, including Qazvin Sugar Company and Shahd Company faced buy queues and others were traded in the positive area, which is mostly attributed to the sector’s negative Beta correlation.
TSE at a Glance
Summary of Trades
TSE Top 10 Stocks
TSE Major Sectors’ Daily Performance
Trading Halts and Reopenings
IFB at a Glance
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